What is the difference between an auction in which bidders have private values and one in which

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What is the difference between an auction in which bidders have private values and one in which they have common values?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:07 AM

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What is the difference between an auction in which bidders have private values and one in which

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In an auction in which bidders have private values bidders have the...View the full answer

Microeconomics

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