What the auctioneer knows before and after the auction

Reference no: EM132138893

Question: The English and the Vickrey auction are strategically equivalent, and the revenue for the seller is the same. Yet, in terms of the information received by the seller/auctioneer they are different. What is this difference? 2 Your answer should not be more than 5 lines long. Think it terms of what the auctioneer knows before and after the auction. To be exact, there are some cases where there is no difference between these two auction formats and some cases (more common) where there is a difference. In your answer mention under which condition this occurs.

Reference no: EM132138893

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