We have assumed bidders valuations are independent, but suppose they are affiliated. That is, suppose on eBay
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We have assumed bidder’s valuations are independent, but suppose they are affiliated. That is, suppose on eBay you wish to affiliate with those who think Beatles albums are valuable, and that affects your own personal valuation. How will this change from independent to affiliated valuations affect bidding strategy on eBay? Do you observe such behavior on the site?
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Suppose on eBay a person affiliates with those who consider that the Beatles albums are valuab...View the full answer
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Related Book For 
Managerial economics applications strategy and tactics
ISBN: 978-1439079232
12th Edition
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
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