Why is the winners curse potentially a problem for a bidder in a common-value auction but not

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Why is the winner’s curse potentially a problem for a bidder in a common-value auction but not in a private-value auction?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:31 AM

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Why is the winners curse potentially a problem for a bidder in a common-value auction but not

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The winners curse occurs when the winner of a commonvalue auction pays ...View the full answer

Microeconomics

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