Consider an auction with 1000 risk-neutral bidders it is, Ask an Expert

Economics

Consider an auction with 1,000 risk-neutral bidders. It is know that these bidders have affiliated values. Based on this information we know the expected revenues for the different auction types will be

A. English > Second-price, sealed-bid > First-price, sealed-bid = Dutch.

B. English = Second-price, sealed-bid = First-price, sealed-bid = Dutch.

C. First-price, sealed-bid = Dutch > English > Second-price, sealed-bid.

D. First-price, sealed-bid > Second-price, sealed-bid > English > Dutch.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91239599

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