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2763脑筋急转弯中等derivationmedium

Posted Price Versus Competitive Auction

题目

A seller can either (i) post a take-it-or-leave-it price to a single buyer with value Uniform(0,1)\mathrm{Uniform}(0,1), or (ii) run a no-reserve second-price auction between two buyers with i.i.d. values Uniform(0,1)\mathrm{Uniform}(0,1). Compute the seller's optimal expected revenue in each mechanism and compare them.

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你的答案

Optimal Posted-Price Revenue

Two-Bidder Second-Price Auction Expected Revenue

Comparison