What is the expected revenue from
Consider the problem above, but now each bidder has a value of either $60 or $80. What reserve price should the auctioneer set, and what is the expected revenue from auctioning the item with and without a reserve price?
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a bidders value for a good may be low 2 medium 5 or high 7 there is an equal number of potential bidders having each
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in sweden firms that fail to meet their debt obligations are immediately auctioned off to the highest bidder there is
consider the problem above but now each bidder has a value of either 60 or 80 what reserve price should the auctioneer
a reserve price is a minimum price set by the auctioneer if no bidder is willing to pay the reserve price the item is
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