Suppose that 3 risk - neutral bidders participate in an auction. the winner will be appointed as the interim senator by the illinois governor . the bidders a , b and c value the senate seat at $8 million, $6 million and $6 million respectively. each bidder knows everyone’s v aluations (including his own and everyone else’s). the bidders will compete in auctions as desribed in parts (a) through (d), in each case, bids can be made in $1 thousand increments (1 thousand, not 1 million) at any value from $1 million to $10 million. last, the winner must kiss the governor's cheek when the transaction concludes, although he would rather not, all other things being equal. which bidder wins in a first-price sealed-bid auction? how much will the governor receive?

An attorney came to work on a saturday. when he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. however, he stayed past 5 p.m. to complete a brief that had to be filed on monday morning. at 5: 15 p.m., the afternoon security guard set the locks on all the doors of the building and left. because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. when the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. he used his cell phone to call for , and a supervisor from the building arrived and let him out shortly thereafter. if the attorney sues the building management for false imprisonment, is he likely to win?