Why do sellers generally prefer a Vickrey auction to a regular sealed bid if sellers dont receive

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Why do sellers generally prefer a Vickrey auction to a regular sealed bid if sellers don’t receive the highest bid in the Vickrey auction?

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:01 AM

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Why do sellers generally prefer a Vickrey auction to a regular sealed bid if sellers dont receive

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Microeconomics

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