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Problem 1 4 - 1 8 Auctions Spike Equino is the CEO of a private medical equipment company that is proposing to sell 1 0

Problem

14 - 18

Auctions

Spike Equino is the CEO of a private medical equipment company that is proposing to sell

106, 000

shares of its stock in an open

auction. Suppose the company receives the bids in the following table.

.

What will be the company's total receipts from the sale if the auction is a discriminatory auction?

.

What if it is a uniform price auction?

.

Total receipts

.

Total receipts

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