AFRICAN TRANSITIONS AND THE RESOURCE CURSE: AN ALTERNATIVE PERSPECTIVE
β Scribed by Thomas C. Heller
- Book ID
- 111054016
- Publisher
- John Wiley and Sons
- Year
- 2006
- Tongue
- English
- Weight
- 178 KB
- Volume
- 26
- Category
- Article
- ISSN
- 0265-0665
No coin nor oath required. For personal study only.
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## Abstract The winner's curse phenomenon refers to the fact that the winner in a common value auction, in order to actually win the auction, is likely to have overestimated the item's value and consequently is likely to gain less than expected and may even lose (i.e., it is said to be βcursedβ). P