In terms of winners curse: a. Why is the winners curse unlikely for frequently purchased goods? b.

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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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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 29, 2024 03:01 AM

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In terms of winners curse: a. Why is the winners curse unlikely for frequently purchased goods? b.

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Exploring Macroeconomics

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