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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
In [...] 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.
Answer
a common value

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
In [...] 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.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
In [...] 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.
Answer
a common value
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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.</ht

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p18

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