Business, 19.12.2019 02:31 serellehunt

Consider an antique auction where bidders have independent private values. there are two bidders, each of whom perceives that valuations are uniformly distributed between $100 and $1,000. one of the bidders is sue, who knows her own valuation is $200. what is sue's optimal bidding strategy in a second-price, sealed-bid auction

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Consider an antique auction where bidders have independent private values. there are two bidders, ea...