Independent Private Values

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
IPV
Pronunciation
/ˌɪndɪˈpɛndənt ˈpraɪvət ˈvæljuz/
Category
Governmental
Related Field
Politics

Examples in Context

  1. Auction theory : Winner's Curse given common values and Revenue Equivalence given independent private values.
  2. This paper analyzes the relationship between the reserve price and the number of bidders under the condition of independent private values, correcting the traditional false view that optimal reserve price is irrelevance to the number of bidders.

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