The Don, Stalingrad, South-Western, South-Eastern, Southern Fronts)
Resolution: 900 x 891 93 kB
Size: 900 x 891 93 kB
WWII ‚ Russia 1942. Southwest Russia. German Advance to Stalingrad.
Another Pictures of map stalingrad:
German Advance to Stalingrad
Map Stalingrad for Often, a buyer knows his willingness to pay far better than the seller does”it is the buyer’s private information that he typically does not want to reveal to the seller. It is hence a great challenge for economists to design market mechanisms that achieve the socially optimal outcome, even in the presence of asymmetric information. Vickrey’s mechanism implements the social optimum in the above problem in a strikingly simple and elegant way. In the Vickrey auction, each potential buyer is asked to submit a bid for the object. The good is then allocated to the highest bidder, who is required to pay the second-highest bid as the price. It is easy to see that under these rules, every bidder maximizes his own benefit by submitting a bid that equals his true private valuation for the object. Since nobody can win the good and control its price at the same time, bidding one’s true valuation maximizes the chance of winning at a price that is below one’s valuation. Map Stalingrad 2016.