#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
In a common value auction, the value of the item to be auctioned will be the same to any bidder, but the bidders do not know the value at the time of the auction.
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iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p18
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