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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suppose we have two bidders and the distribution is uniform show that if the auction is effcient the following
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