A bidding model in which a bidder, upon learning that a competitor's valuation for what is being sold is higher than previously thought, will raise (or at least not lower) the bidder's own valuation. Affiliated values models include common value models and independent private value models as limiting cases. Bidding models.
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© 2001 Kluwer Academic Publishers
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Gass, S.I., Harris, C.M. (2001). Affiliated values bidding model . In: Gass, S.I., Harris, C.M. (eds) Encyclopedia of Operations Research and Management Science. Springer, New York, NY. https://doi.org/10.1007/1-4020-0611-X_18
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DOI: https://doi.org/10.1007/1-4020-0611-X_18
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Publisher Name: Springer, New York, NY
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