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Q: auction equilibrium ( No Answer,   0 Comments )
Question  
Subject: auction equilibrium
Category: Reference, Education and News > Homework Help
Asked by: matydavid-ga
List Price: $12.00
Posted: 24 Jul 2004 08:39 PDT
Expires: 26 Jul 2004 11:58 PDT
Question ID: 378522
a picture is offered for sell in a first price auction. there are 3
potential buyers. the assumption of a buyer i on the value of the
picture is Vi. Vi is distributed as follows: Prob(Vi=15)=2/3
Prob(Vi=30)=1/3.
does a symmetric equilibrium exist(pure strategic), and if so what is
it? suppose that the bids are in integers.
Now please, i need the answer until sunday 25.07.04 by around
midnight(U.S. Time). after that day there's no need to bother.

Clarification of Question by matydavid-ga on 25 Jul 2004 09:46 PDT
my dead line has just moved to monday morning...
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