Which of the following assumptions will lead to identical expected revenues under the English,sealed-bid,Dutch,and Vickrey auctions?

Question

Quizplus · Accepted Answer

If all risk-neutral buyers adopt the equilibrium bidding strategies, then the expected revenues will be identical across all four auctions. This is because the equilibrium bidding strategy in each of these auctions results in the bidder paying the same amount as the next highest bidder, which means that the auction will converge to the same price regardless of the specific auction format used. The other assumptions listed do not necessarily lead to identical expected revenues across all four auction formats.

Which of the Following Assumptions Will Lead to Identical Expected