Documents Private Information and Auctions. Auction Situations Private Value – Everybody knows their own...

Slide 1Private Information and Auctions Slide 2 Auction Situations Private Value – Everybody knows their own value for the object – Nobody knows other peoples values.…

Economy & Finance Micro Ch 17

1. Chapter 17 Auctions and Bargaining © 2015 Pearson Education, Inc. 2. 17 Auctions and Bargaining Chapter Outline 17.1 Auctions 17.2 Bargaining © 2015 Pearson Education,…