The table below shows the valuation of 3 buyers L, M, N for 3 different houses...
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The table below shows the valuation of 3 buyers L, M, N for 3 different houses sold by A, B, C. i. Find the market clearing prices Show the price of each house and the preferred-seller graph at the end of each round of the procedure. ii. What is the total payoff and total valuation in the optimal assignment of buyers to sellers? Explain. Buyer L M N Valuation for Valuation for A's house B's house L M N 3 1 2 2 5 1 3 1 2 The table below shows the valuation of 3 buyers L, M, N for 3 different houses sold by A, B, C. What is the set of all values of x and y or which you could find market-clearing prices matching A to L. B to M, and C to N, using the market clearing prices procedure ? Explain. Buyer Valuation for Valuation for A's house B's house 2 X 1 Valuation for C's house 1 3 0 Valuation for C's house y 3 0 The table below shows the valuation of 3 buyers L, M, N for 3 different houses sold by A, B, C. i. Find the market clearing prices Show the price of each house and the preferred-seller graph at the end of each round of the procedure. ii. What is the total payoff and total valuation in the optimal assignment of buyers to sellers? Explain. Buyer L M N Valuation for Valuation for A's house B's house L M N 3 1 2 2 5 1 3 1 2 The table below shows the valuation of 3 buyers L, M, N for 3 different houses sold by A, B, C. What is the set of all values of x and y or which you could find market-clearing prices matching A to L. B to M, and C to N, using the market clearing prices procedure ? Explain. Buyer Valuation for Valuation for A's house B's house 2 X 1 Valuation for C's house 1 3 0 Valuation for C's house y 3 0
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To find the market clearing prices we will use the market clearing prices procedure by matching buye... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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