Which of the following statements about winner’s curse is wrong? A) O
Which of the following statements about winner’s curse is wrong?
A) Overbidding occurs when bidders are uncertain about the true value of the good.
B) The phenomenon occurs in common value auctions.
C) When intelligent bidders shade their bids, sellers receive more money with a sealed-bid auction than an English auction
D) The phenomenon will not occur in private value auctions.
ANSWER
C
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