asked 171k views
5 votes
In common value auctions

a. ​Every bidder know the value of the object being sold
b. ​Each bidder makes the same estimate of the value of the good
c. ​Bidders do not know the estimates of the others
d. ​The true value of the item differs across bidders

asked
User Otusweb
by
7.9k points

1 Answer

5 votes
It would be D

because it depends on how much the bidder values the item.
answered
User Hjord
by
8.1k points
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