To attract more bidders,and more aggressive bidders,to your common-value auction
A)withhold relevant information about the value of the object
B)allow bidders to know how others are bidding
C)do not allow potential bidders to examine the object too closely
D)do not hold oral auctions

Question

​To attract more bidders,and more aggressive bidders,to your common-value auction
A)​withhold relevant information about the value of the object
B)allow bidders to know how others are bidding
C)do not allow potential bidders to examine the object too closely
D)​do not hold oral auctions

Quizplus · Accepted Answer

Allowing bidders to know how others are bidding will create a competitive environment where bidders will try to outbid each other, leading to higher bids and more aggressive bidding behavior. Withholding relevant information about the value of the object may discourage bidders from participating as they may not have enough information to make informed decisions. Not allowing potential bidders to examine the object too closely may also deter them from participating, as they may not have a clear idea of the object's quality and value. Not holding oral auctions may limit the bidder's ability to engage in competitive bidding behavior, thus reducing the number of bidders and limiting bid amounts. Therefore, the best choice is to allow bidders to know how others are bidding.

​To Attract More Bidders,and More Aggressive Bidders,to Your Common-Value Auction

To Attract More Bidders,and More Aggressive Bidders,to Your Common-Value Auction