Auctions are a method for price discovery. Explain the different types of auctions and discuss their implications for optimal bidding strategies and expected revenues for both risk neutral and risk averse bidders.

 

Auctions are a method for price discovery. Explain the different types of auctions and discuss their implications for optimal bidding strategies and expected revenues for both risk neutral and risk averse bidders.

Question:

Auctions are a method for price discovery. Explain the different types of auctions and discuss their implications for optimal bidding strategies and expected revenues for both risk neutral and risk averse bidders.

This will either be either an essay or short answers or a Case Study or Calculations.

Maximum words: 1,200 words. Penalties apply

 

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