2756脑筋急转弯中等derivationmedium
Bidder Utility Under Revenue Equivalence
题目
A bidder has value in a two-bidder private-value environment with values i.i.d. . Compute that bidder's expected utility in (a) the first-price equilibrium and (b) the truthful second-price auction. Verify that the utilities agree.
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你的答案
a
b