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A Model for Sealed-Bid Auctions with Independent Private Value and Common Value Components

This paper shows how a decision-making model can be applied to a sealed-bid auction with both independent private value (IPV) and common value (CV) components. The model yields estimates for the winning bid and for the actual value and error components of the winning bid as functions of the... Full description

1st Person: Harrison, J. Richard
Source: in Managerial and decision economics : MDE : the international journal of research and progress in management economics Vol. 11, No. 2 (1990), p. 123-125
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Type of Publication: Article
Language: English
Published: 1990
Keywords: research-article
Online: Volltext
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