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Answer to Question #277412 in Microeconomics for Ankit

Question #277412

Suppose all bidders’ values are uniform on [0, 1]. Construct a revenue-maximising auction. What is the reserve price?

Suppose the bidders’ values are i.i.d., each according to a uniform distribution on [1, 2]. Construct a revenue-maximising auction for the seller


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Expert's answer
2021-12-10T12:19:46-0500
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