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 Date: 2013-12-04 21:07:54Manufacturing Procurement Purchasing Systems engineering Contract A Bidding Business Auctioneering Auction theory |
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| First Page | Document Content | |
|---|---|---|
Date: 2013-12-04 21:07:54Manufacturing Procurement Purchasing Systems engineering Contract A Bidding Business Auctioneering Auction theory |
Add to Reading List |
Republic of the Philippines DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES Region 02, Cagayan Valley Regional Government Center, Carig Sur Tuguegarao City, 3500
![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")
