First class meeting

First class meeting - Round Auction Type Revenue BV of...

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First class meeting: Organizational details: See class webpage. Clickers: Auction experiments. 5 buyers Values: 70, 75, 75, 80, 90 Single seller, one item: Object is worth 50 to seller. Values are common knowledge 1) Free form bargaining 2) English auction 3) First bidder sealed bid 4) Second bidder sealed bid 5) Oral all pay BV is private information: Groups of 5. Pass out sheets. One seller, 4 buyers. Buyers’ BV’s are last two digits of perm number. 1) Second bidder sealed bid 2) First bidder sealed bid 3) All pay sealed bid 4) English auction
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Seller’s Name____________________________ Round___ Auction Type Revenue BV of Buyer Highest BV in Group Second-bidder Sealed Bid First-bidder Sealed Bid All Pay English Auction Seller’s Name______________________________
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Unformatted text preview: Round___ Auction Type Revenue BV of Buyer Highest BV in Group Second-bidder Sealed Bid First-bidder Sealed Bid All Pay English Auction Seller’s Name_____________________________________ Round___ Auction Type Revenue BV of Buyer Highest BV in Group Second-bidder Sealed Bid First-bidder Sealed Bid All Pay English Auction Seller’s Name_________________ Second-bidder Sealed Bid Auction Bidder’s Name Bidder’s Perm Bidder’s Bid 1 2 3 4 Seller’s Name_________________ First-bidder Sealed Bid Auction Bidder’s Name Bidder’s Perm Bidder’s Bid 1 2 3 4 Seller’s Name_________________ All-Pay Auction Bidder’s Name Bidder’s Perm Bidder’s Bid 1 2 3 4...
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First class meeting - Round Auction Type Revenue BV of...

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