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billm9774 billm9774
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3 years ago
In a sealed-bid, second-price auction, you should bid

▸ your estimate of what others value the good at.

▸ one dollar more than your estimate of what the second-highest bid will be.

▸ your highest value.

▸ the common value of the good.
Textbook 
Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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NivinNivin
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3 years ago
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billm9774 Author
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3 years ago
this is exactly what I needed
riptide
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
yen
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2 hours ago
Thanks for your help!!
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