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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The eventual outcome of Vickrey auction is much like that of [...] auction, where the winning bidder pays one increment of price more than the price offered by the bidder who values the item second-most highly.
Answer
an ascending price (English)

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The eventual outcome of Vickrey auction is much like that of [...] auction, where the winning bidder pays one increment of price more than the price offered by the bidder who values the item second-most highly.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The eventual outcome of Vickrey auction is much like that of [...] auction, where the winning bidder pays one increment of price more than the price offered by the bidder who values the item second-most highly.
Answer
an ascending price (English)
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The eventual outcome of Vickrey auction is much like that of an ascending price auction, where the winning bidder pays one increment of price more than the price offered by the bidder who values the item second-most highly.

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p18

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statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

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