Sample Solution

 

    Surge versus congestion pricing.       Compare and contrast surge versus congestion pricing. Provide a specific example of each currently in use. Compare and contrast surge versus congestion pricing. Provide a specific example of each currently in use. There are many types of auctions, each with strengths and weakness at uncovering the real price/value of an item. Compare and contrast how each of the following uncovers value and provide a specific example of how each uncovers value: The English auction and the Dutch auction. The sealed-bid first-price auction and the Vickery Auction. Auctions are widely used. Analyze an actual auction employed by each of the following: A state or federal government or an agency of a state or federal government. A for-profit business. For each, explain what type of auction is employed and how the auction solves the problem of finding the best price for the good or service.