Andrew and Brad Write Alternating Chapters of a Book About

question 7

Essay

Andrew and Brad write alternating chapters of a book about the Iraq war. Andrew is in Arizona, and Brad is in Michigan. Are the two joint authors? Discuss.

Understand the mechanisms and implications of bid-rigging cartels and strategies to avoid them.

Understand the role of auction type in affecting auction outcomes and bidder behavior.

Analyze the impact of bidder information and auction format on expected auction prices.

Identify strategies to attract more bidders and more aggressive bidding in common-value auctions.

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Definitions:

Exchanges

Platforms or scenarios where goods, services, or ideas are traded between parties.

Ties

Connections or relationships between individuals or entities that facilitate social, professional, or academic interactions.

Meetups

Gatherings or events where people with similar interests meet in person or virtually to share, discuss, or engage in activities.

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, especially from an online community.