Business, 12.07.2019 01:30 chas8495

You are one of five risk-neutral bidders participating in an independent private values auction. each bidder perceives that all other bidders’ valuations for the item are evenly distributed between $60,000 and $80,000. for each of the following auction types, determine your optimal bidding strategy if you value the item at $71,000
a. first-price, sealed-bid auction.
b. dutch auction.
c. second-price, sealed-bid auction.
d. english auction.

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You are one of five risk-neutral bidders participating in an independent private values auction. eac...

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