Question
How do you explain how to show that if there are more bidders at an oral auction than likely it will result in a higher
How do you explain how to show that if there are more bidders at an oral auction than likely it will result in a higher winning bid than if there were less? How do you illustrate that using expected value information?
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
