In light of the winner's curse, must winning bidders in auctions necessarily lose in the sense of

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In light of the winner's curse, must winning bidders in auctions necessarily "lose" in the sense of paying more than the item is worth? What steps can bidders take to prosper in auctions?

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Economics of Strategy

ISBN: 978-1118319185

6th edition

Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer

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Question Posted: Sep 13, 2017 12:54 AM

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In light of the winner's curse, must winning bidders in auctions necessarily lose in the sense of

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No Winning bidders are often over optimistic but that does not mean the price paid ...View the full answer

Economics of Strategy

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