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2745脑筋急转弯中等derivationmedium

Reverse Auction With Two Suppliers

题目

A buyer runs a sealed-bid procurement auction with two risk-neutral suppliers. Each supplier's cost is i.i.d. Uniform(0,1)\mathrm{Uniform}(0,1), and the lowest bid wins and is paid its own bid. Derive the symmetric equilibrium bid function s(c)s(c), and compute the expected profit of a supplier with cost 0.20.2.

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你的答案

Symmetric Equilibrium Bid Function

Equilibrium Bid at Cost 0.2

Expected Profit at Cost 0.2