Common value auction
id:
common-value-auction-284-7844601
title:
Common value auction
text:
In common value auctions the value of the item for sale is identical amongst bidders, but bidders have different information about the item's value. This stands in contrast to a private value auction where each bidder's private valuation of the item is different and independent of peers' valuations. A classic example of a pure common values auction is when a jar full of quarters is auctioned off. The jar will be worth the same amount to anyone. However, each bidder has a different guess about ho
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Common_value_auction
date created:
date modified:
2022-10-26T20:55:51Z
main entity:
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image:
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fields total:
13
integrity:
14