Why is it wise to bid conservatively in a common values auction?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:07 AM

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Why is it wise to bid conservatively in a common values auction?

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A bidder should anticipate that if she wins a common va...View the full answer

Microeconomics

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