To attract more aggressive bidding in a common-value auction,as an auctioneer,you should
A)Release no information about the item
B)Do not let the bidders examine the item closely
C)Do not release any adverse information about the item
D)Release maximum information about the item,even if it is adverse

Question

​To attract more aggressive bidding in a common-value auction,as an auctioneer,you should
A)​Release no information about the item
B)Do not let the bidders examine the item closely
C)Do not release any adverse information about the item
D)​Release maximum information about the item,even if it is adverse

Quizplus · Accepted Answer

Releasing maximum information about the item, even if it is adverse, can increase competition among bidders and lead to more aggressive bidding. This is because it helps all bidders understand the true value of the item and can create a sense of urgency to outbid one another. Providing more information can also build trust and transparency, which can attract more bidders overall. It is important, however, to ensure that the information is presented accurately and objectively, and not used to manipulate or deceive bidders.

​To Attract More Aggressive Bidding in a Common-Value Auction,as an Auctioneer,you

To Attract More Aggressive Bidding in a Common-Value Auction,as an Auctioneer,you