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Calculate the expected revenue from a first-price

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Suppose there are two bidders. Calculate the expected revenue from a first-price auction as a function of the reserve price r for the following distributions defined for x ∈ [0, 1]:

(a)    F (x) = x

(b)    F (x) = x2

(c)   F (x) = √x.

Reference no: EM13891078

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