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Auction, as you must know by now, is the process by which the bidding of products is done, at a specific place, by buyers who represent the common buyers as a whole. Common value auctions refer to such auctions where each bidder, regardless of what his pretentious rank might be, is given a sum. Every bidder happens to have the same sum. Now, the bidding in Common value Auctions is slightly different from that of the Private value Auctions. This is because of quite many reasons.
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The bidder of the common value auction has to guess the price of the said product according to the information he or she must have received after thorough research. On the other hand, the Private value auction gives the bidder, the full freedom to decide on what price to bid the product on! However, the common value auction enables you to reach a fair, if not correct an estimate of the price of the product that is being bid on. It is definitely not a concept very easy to understand.
Why is Common Value Auctions, such a fuss?
Common value auctions are such a fuss because of more reasons than one. Common value Auctions tend to give every person a fair chance to bid, unlike the private value auctions. Now, although they give a fair chance for the people to bid, it tends to serve as a loss as a whole. This is because a certain amount is charged by the company for the very participation of the bidders. If you happen to be stuck at the homework pertaining to the same, coming to us for common-value auctions homework help will certainly help.
Problems faced by students
If you want to know how to deal with assignments, common-value auctions assignment help is what you must seek from us. Students happen to face a lot of problems when studying common value auctions of which some are given below:
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