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Furthermore, the proposed model is incentive-compatible, which motivates the participants to reveal their true valuation during bidding.
Newcastle will actually receive only £4.5m when the player's true valuation is probably four or five times that amount.
However, the seller and the other bidders never know the true valuation of the winner of the auction.
However, a significant and growing segment of demand can be shifted across time and therefore has no way to bid its true valuation of consumption.
The contract presumably granted De Gea permission to move once Los Blancos came calling again while guaranteeing United a fee closer to his true valuation.
Because Merrill has a limited universe of buyers for its stake, it will probably have to sell it at a discount to its true valuation, these people said.
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Our scheme achieves the property of truthfulness, which assures that all the bidders reveal their true valuations and eliminates the fear of market manipulation.
Metrics such as the price-to-sales ratio, which is currently running significantly higher than historical averages, provide a truer valuation picture and represent yet another reason for us to remain defensive and cautious in client accounts.
El Vocero listed closed-end share "prices" but those prices did not reflect a true current valuation of the shares, as they were not on an active exchange.
This is especially true as valuations for some of these privately held giants start to slip a bit.
This is especially true as valuations for some of these privately held giants start to slip a bit.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com