Question
First-price auctions have all the following properties EXCEPT a.The item is won by the second-highest bidder b.Highest bid wins c.Highest bidder pays her winning bid
First-price auctions have all the following properties EXCEPT
a.The item is won by the second-highest bidder
b.Highest bid wins
c.Highest bidder pays her winning bid
d.The price is set to the highest bid
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Contemporary Sport Management
Authors: Paul M. Pedersen, Lucie Thibault
7th Edition
1718202997, 978-1718202993
