Releasing more information,in a common-value auction is
A)Good for the bidders because it reduces the risk that they face
B)Good for the auctioneer because it attracts more bidders
C)Good for the bidders because they are less likely to bid more on the item than it's worth
D)Both A&B

Question

​Releasing more information,in a common-value auction is
A)​Good for the bidders because it reduces the risk that they face
B)Good for the auctioneer because it attracts more bidders
C)Good for the bidders because they are less likely to bid more on the item than it's worth
D)​Both A&B

Quizplus · Accepted Answer

Releasing more information in a common-value auction is good for both the bidders and the auctioneer. It reduces the risk faced by bidders as they have more accurate information about the item being auctioned, and it attracts more bidders to the auction, benefiting the auctioneer. Additionally, with more information, bidders are less likely to bid more than the item is worth.

​Releasing More Information,in a Common-Value Auction Is

Releasing More Information,in a Common-Value Auction Is