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 , or (ii) run a no-reserve second-price auction between two buyers with i.i.d. values . 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