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

Quizplus · Accepted Answer

Oral auctions can create a more competitive atmosphere by allowing bidders to see the competition and react in real-time, potentially leading to more aggressive bidding behavior. This can increase the final auction price by encouraging participants to outbid each other.

​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