What is the sellers expected revenue

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Reference no: EM131332923

Repeat given Exercise for the case in which there are two buyers, and their private values V1 and V20 are independent; V1 is uniformly distributed over [0, 1] and V2 is uniformly distributed over [0, 3].

Exercise
What is the seller's expected revenue in a sealed-bid first-price auction in which there are two buyers, and their private values V1 and V2 are independent; V1 is uniformly distributed over [0, 2] and V2 is uniformly distributed over [0, 3]?

Reference no: EM131332923

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