![kenisonpaigebosma](/avatars/49731.jpg)
kenisonpaigebosma
20.11.2019 •
Business
Prove that, in a vickrey (second-price sealed-bid) auction, for any false bid bi by any single bidder (that is, if vi is the bidder's private value for the item, then bi≠vi), there exists a vector b−i of bids by all other bidders such that the false bid gives strictly worse utility than bidding the true valuation, that is, ui(bi,b−i)
Solved
Show answers
More tips
- P Photography and Videography Understanding HDR: How It Works and Why You Need It...
- P Photography and Videography How to Choose the Perfect Photo Paper for Your Images?...
- C Computers and Internet How to Choose an Uninterruptible Power Supply (UPS) for Your Computer: Expert Tips...
- S Science and Technology How to choose a home theater system?...
- A Auto and Moto How to Choose a Car Wash? Tips and Recommendations...
- A Animals and plants How ants survive winter: exploring the secrets of their winter life...
- C Construction and repair How to Choose the Best Underfloor Heating?...
- S Sport When is the Champions League final?...
- S Sport When and Where Will the 2014 World Cup be Held?...
- C Computers and Internet The Twitter Phenomenon: What it is and How to Use it...
Answers on questions: Business
- B Business Free contract is the ....
- B Business Tina Parker, a single mother, is 20 years old. She has called on you for an insurance consultation. Her objective is to purchase life insurance protection for the next...
- B Business Inventories refer to A. goods that are a result of new inventions. B. goods that have been produced but have not yet been sold. C. outstanding orders that companies...
- B Business A corporation has issued 30,000 shares of $50 par common stock and holds 5,000 of these shares as treasury stock. If the corporation declares a $1 per share cash dividend,...
- B Business Pretax accounting income for the year ended December 31, 2018, was $50 million for Truffles Company. Truffles taxable income was $60 million. This was a result of differences...
- B Business What does transitioning people from one job to another entail? During the transition period, what type(s) of unemployment would describe these people?...
- B Business RZM Store sells jeans. During January 2014, its inventory records for one brand of designer jeans were as follows: The cost of goods sold using the periodic average...
- B Business Jake, who runs a business on Mint street, wants to open another retail outlet in the business district. He is unable to because of the laws imposed by the local governments...
- C Chemistry Need help with chemistry...
- M Mathematics PLS HELP f(x)=x^3−2x^2+12x−6 g(x)=4x^2−6x+4 What is (f−g)(x)?...
Ответ:
Jose should tell George about the comparison sites the way it helps to compare the price of different products in different outlets s well cross different brands, however, the results are not always perfect and accurate.
Explanation
The Business Model of Price Comparison Sites is immensely useful and makes a clear cut comparison of different products concerning their brands and various market outlets. These comparison sites help create a better rapport with customers as also it helps create value for the products, however, at the same time Price Comparison sites are not considered to be the best and perfect way of determining prices.Price Comparison sites are laden with lots of imperfections that makes it a little inaccurate and undesirable. The first flow of Business model price comparison sites is that they don't consider the competitor's price which leads to overpricing of one's product. As a result of this overpricing, customer demand for such products goes down and eventually loss for the company. The other imperfection which is there in business model price comparison is that companies while pricing product takes into consideration several criteria and determinants which are not considered by business models. Therefore, this often leads to overpricing and under-pricing. Furthermore, differences in the price of the product on the website and the one determined by the price comparison model also points to imperfection.