Solution-Find the optimal auction amongst the class

Find the optimal auction amongst the class

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Reference no: EM13891102

An all-pay auction is an auction in which every bidder pays his bid whether or not receiving the object. In terms of mechanisms this means that Pi(x) depends only on xi. Suppose we have private values but types are correlated. Find the optimal auction amongst the class of all-pay auctions.

Reference no: EM13891102

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Find the optimal auction amongst the class

Reference no: EM13891102

Reference no: EM13891102

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