Question 2 How does auction theory predict that bidders will behave in the following four auction types: English, Dutch,

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Question 2 How does auction theory predict that bidders will behave in the following four auction types: English, Dutch,

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Question 2
How does auction theory predict that bidders will behave in the
following four auction types: English, Dutch, First Price Sealed
Bid and Second Price Sealed Bid? Which of these mechanisms would
you advise the government to use when auctioning something of
potentially great value to the private sector? Your answer should
be based on theory, but make reference to empirical examples.
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