Question in terms of winners cursea why is the winners, Ask an Expert

Economics

Question: In terms of winner's curse:

a. Why is the winner's curse unlikely for frequently purchased goods?

b. Why would the winner's curse be more likely as the number of bidders increases?

c. Why would we except there to be no winner's curse for goods desired for their own private value, unlike the case of purchases based on a good's market value to others?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92251732

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