Solution-Show that the sellers payments are unbounded

Show that the sellers payments are unbounded

Assignment Help Basic Statistics

Reference no: EM13891360

Suppose we have two bidders and the distribution is uniform. Show that if the auction is effcient the following payment rule is a possible one:

v/2 + 1/√v - 1/2√y if v > y

P(v,y) =

0 Otherwise.

Show that the sellers payments are unbounded.

Reference no: EM13891360

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Show that the sellers payments are unbounded

Reference no: EM13891360

Reference no: EM13891360

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