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Second-price sealed bid auction

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(Second-price sealed bid auction) Consider the second-price sealed bid auction with an object and two buyers, B1 and B2. B1's value of the object is 25 and B2's value of the object is 30. Each buyer submits her bid in a sealed envelope. Let b1 be the B1' bidding value and b2 be the B2' bidding

Identify all the Nash eq. among (b1,b2) = (26,10), (10,26) (4, 8), (50, 24), (100, 200), (2, 100), (300, 2).

Reference no: EM132401176

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