Hi, I have many clients and one server.. I am using first price sealed bid auction to select clients. clients have to bid with their (resources and price). I need to apply Nash equilibrium in this scenario . Note( I need Nash equilibrium there Because we have to ensure that all bidders are doing the best strategy i.e. bidding with the optimal amount)
Hi, I have many clients and one server.. I am using first price sealed bid auction to select clients. clients have to bid with their (resources and price). I need to apply Nash equilibrium in this scenario . Note( I need Nash equilibrium there Because we have to ensure that all bidders are doing the best strategy i.e. bidding with the optimal amount)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Hi, I have many clients and one server.. I am using first price sealed bid auction to select clients. clients have to bid with their (resources and price). I need to apply Nash equilibrium in this scenario . Note( I need Nash equilibrium there Because we have to ensure that all bidders are doing the best strategy i.e. bidding with the optimal amount)
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