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 Date: 2013-02-21 08:30:49Commerce Game theory Business models Auction Bidding fee auction All-pay auction Bid Spectrum auction Auctioneering Business Auction theory |
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| First Page | Document Content | |
|---|---|---|
Date: 2013-02-21 08:30:49Commerce Game theory Business models Auction Bidding fee auction All-pay auction Bid Spectrum auction Auctioneering Business Auction theory |
Add to Reading List |
Tennessee Department of Commerce and Insurance NewsLine Volume XLIV Summer 2011
![BNE and Auction Theory Homework 1. For two agents with values U [0, 1] and U [0, 2], respectively: (a) show that the first-price auction is not socially optimal in BNE. (b) give an auction with “pay your bid if you win](https://www.pdfsearch.io/img/26edde5edc3f5ad99d2c4f69417dfd70.jpg "BNE and Auction Theory Homework 1. For two agents with values U [0, 1] and U [0, 2], respectively: (a) show that the first-price auction is not socially optimal in BNE. (b) give an auction with “pay your bid if you win")
