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The expected revenues in auctions with risk-averse bidders with independent private values will be: Multiple Choice English > Second price > First price = Dutch.

The expected revenues in auctions with risk-averse bidders with independent private values will be:

Multiple Choice

  • English > Second price > First price = Dutch.
  • English = Second price = First price = Dutch.
  • English > Second price > or < First price = Dutch.
  • First price = Dutch > English = Second price.

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