'First price' diaporamas de présentation

Bidding for Discounts

Bidding for Discounts. Rand Costich US Postal Regulatory Commission. Two lessons. An auction can mimic declining block tariffs Careful design encourages bidders to reveal their true values. Block tariff. Block tariff Potential win-win, but . . . Block tariff Potential win-win, but . . .

442 views • 32 slides

A presentation by: Ahmad Murad Irqsous 2008354627 Melda Malek 2009293952 Nor Alira Ramli

Bay' Bithaman Ajil and Murabahah are two contracts where payments are deferred to an agreed time. Compare and contrast these two contracts and give your view with regard to Affin bank Berhad v Zulkifli Abdullah (2005) and the 2008 BBA landmark cases.

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398 views • 27 slides

Optimal Behavior in Auctions

315 views • 22 slides

Economics 100C

Economics 100C. Have you ever bid for anything on eBay?. Yes, frequently Yes, but not frequently No. Equilibrium bids in first and second price sealed bid auctions with private values. Second price; bid true value. First price; bid less than true value.

228 views • 16 slides

23 - Asymmetric information: silence, signaling and suffering education

23 - Asymmetric information: silence, signaling and suffering education. We may know different things about the quality of an item. The signal we give may tell the other how we value it. A good signal needs to be differentially costly across types. Example.

172 views • 10 slides

Auctions

Auctions. Auction types: First price, sealed bid auction Second price, sealed bid auction English auction (ascending bid auction) Dutch auction (descending bid auction) Equivalence of: Second price, sealed bid and English auctions First price, sealed bid and Dutch auctions.

581 views • 9 slides