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 Date: 2015-06-29 19:30:05Auctions Economy Auction theory Business models Auction Bidding Real estate broker Estate agent English auction Eauction |
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| First Page | Document Content | |
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Date: 2015-06-29 19:30:05Auctions Economy Auction theory Business models Auction Bidding Real estate broker Estate agent English auction Eauction |
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APPROVED BY THE REAL ESTATE INSTITUTE OF WESTERN AUSTRALIA (INC.) COPYRIGHT © REIWA 2012 FOR USE B Y REIWA MEMB ERS
![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")
