Equilibrium in the ascending price auction

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Consider the keyword auction for three slots with 50, 20, 10 clicks respectively. Suppose that five bidders i = 1, 2, 3, 4, 5 that have per-click values of 10, 8, 6, 4, 2 respectively. Then in the equilibrium in the ascending price auction, the first slot is obtained by

Reference no: EM133130566

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