13.4 Exercises 13.1 Second-Price Auctions: Show that in a second-price sealed-bid auction bid- ding your valuation weakly dominates bidding above your valuation.
13.4 Exercises 13.1 Second-Price Auctions: Show that in a second-price sealed-bid auction bid- ding your valuation weakly dominates bidding above your valuation.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter18: Auctions
Section: Chapter Questions
Problem 10MC
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Transcribed Image Text:13.4
Exercises
13.1
Second-Price Auctions: Show that in a second-price sealed-bid auction bid-
ding your valuation weakly dominates bidding above your valuation.
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