PPT-Private Information and Auctions

Auction Situations Private Value Everybody knows their own value for the object N obody knows other peoples values Common Value The object has some true value that it would be worth to anybody. Petar. . Petrov. ECON 1465, Fall 2010 . Brown University. What is a Treasury. U.S. Government debt obligations backed by its full faith and credit. Bills (< 1y), Notes (1-5y), Bonds (>5y), TIPS. Auction Situations. Private Value. Everybody knows their own value for the object. N. obody knows other people’s values.. Common Value. The object has some ``true value’’ that it would be worth to anybody. Ruth Tarrant. Classifying auctions. What is the nature of the good being auctioned?. What are the rules of bidding?. Private value auction. Common value auction. Each bidder has a potentially different valuation of the good owing to tastes and preferences e.g. fine art. Auction Situations. Private Value. Everybody knows their own value for the object. N. obody knows other people’s values.. Common Value. The object has some ``true value’’ that it would be worth to anybody. Ruth Tarrant. Classifying auctions. What is the nature of the good being auctioned?. What are the rules of bidding?. Private value auction. Common value auction. Each bidder has a potentially different valuation of the good owing to tastes and preferences e.g. fine art. Auction Situations. Private Value. Everybody knows their own value for the object. N. obody knows other people’s values.. Common Value. The object has some ``true value’’ that it would be worth to anybody. 1. © 2012 Insurance Auto Auctions, Inc. Confidential and proprietary information. Do not copy, reproduce or distribute without the prior written consent of Insurance Auto Auctions. . Brian Kasper. IT Project Manager. of Power Supply Agreements. Ruperto P. Alonzo. Competitive Selection Process. Early pronouncements deal with opening of NPC-SPUG areas to private sector. DC-2004-01-001. NPC-SPUG areas declared open for private sector participation. Auction Situations. Private Value. Everybody knows their own value for the object. N. obody knows other people’s values.. Common Value. The object has some ``true value’’ that it would be worth to anybody. What’s for sale: the coins in this jar.. We’ll run an ascending auction. . 2. Coin auction. What’s for sale: the coins in this jar. .. Ascending auction. What if one person gets to count the coins.. MBA 61062: ELECTRONIC COMMERCE. TRADITIONAL MARKETING. If marketing is whatever you do to promote the sales of your products or services, then it should include;. Market research. Publicity from press releases to the positioning of your company and its offerings in the marketplace. What’s for sale: the coins in this jar.. We’ll run an ascending auction. . 2. Coin auction. What’s for sale: the coins in this jar. .. Ascending auction. What if one person gets to count the coins.. What’s for sale: the coins in this jar.. We’ll run an ascending auction. . 2. Coin auction. What’s for sale: the coins in this jar. .. Ascending auction. What if one person gets to count the coins.. Rosanne Hui. Market Design & Auction Theories. Presentation 12/01/2010 . The English Auction. Ascending . bids. Strategically similar to . Vickrey. auction, in which the winner pays the . second-highest bid price.