Suppose that there are two bidders whose valuations are distributed over [0, +∞], identically and independently according to the exponen tial distribution with parameter λ > 0. In other words, for any x > 0,
the p.d.f is f(x, λ) = λe^−λx
Derive the symmetric, monotonic equilibrium bid function for the first
price auction in this case.
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment