Multiple Choice
If the personal values of buyers' are drawn from different distributions,then which of the following can be rightly inferred?
A) Expected revenue of English auction will be equal to that of sealed-bid auction.
B) Expected revenue of English auction will be better than that of sealed-bid auction.
C) Expected revenue of sealed-bid auction will be better than that of English auction.
D) Expected revenue of sealed-bid auction will be worse than that of second-price auction.
E) Expected revenue of Vickrey auction will be better than that of sealed-bid auction.
Correct Answer:
Verified
Correct Answer:
Verified
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