A clock auction with bid increments

Bangalore city is offering two adjacent plots { one for the development of industrial warehouses (W) and another for offices/commercial (C). Three developers are bidding for these two plots. Ajanta specializes in commercial office space whereas Bhoomi only develops warehouses. Finally, Eden constructs both offices and warehouses.The table below shows the private valuations for land plots for each developer (in Rs. Crores), for warehouses (W), commercial (C) and combined (CW) property.Ajanta (W=0, C=200, CW=200)Bhoomi (W=200, C=0, CW=200)Eden (W=100, C=100, CW=200)Suppose that the city hires you as a consultant to help with this auction and you suggest that the city use a clock auction with bid increments of Rs. 10 crores to allocate the plots to developers.What are the final bids by each developer?Who receives each plot, and at what price?How much revenue does the city earn?

“Struggling with a similar assignment?” We can help!!

How it works – it’s easy


Place your Order

Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.

Make a payment

The total price of your order is based on number of pages, academic level and deadline.


Writing process

We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to make sure that the assignment meets all of your requirements.

Once complete, we’ll send your assignment via the email provided on the order form.



Achieve academic succes with the best online tutors.