Common Value Auctions 1. Coin auction What’s for sale: the coins in this jar. We’ll run an ascending auction 2.
1 The Procurement Conundrum… Outsourcing Strategic sourcing EDI Internet Technologies Cost Control SCM Automation Negotiations Extended ERP’s e-Auctions.
Lecture 8 Monopoly We begin this lecture by comparing auctions with monopolies. We then discuss different pricing schemes for selling multiple units, the.
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Mechanism Design without Money