Sppose we have two bidders and the distribution is


Suppose we have two bidders and the distribution is uniform. Show that if the auction is effcient the following payment rule is a possible one:

                v/2  + 1/√v - 1/2√y  if v > y

P(v,y) =

                  0                      Otherwise.

Show that the sellers payments are unbounded.

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Basic Statistics: Sppose we have two bidders and the distribution is
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