Closed-bid auction for a new technology your company

Reference no: EM131046553

You're considering holding a closed-bid auction for a new technology your company has developed. One of your assistants raises a concern that the potential for a winner's curse may encourage bidders to shade their bid values. How might you address this concern?

a. Release more information about the technology.
b. Switch to an oral auction.
c. Use a second-price auction.
d. All of the above.

Reference no: EM131046553

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