Each potential bidder writes down a bid on a piece of, Ask an Expert

Economics

Q. Consider a third-price sealed bid auction: Suppose there are more than two bidders. Each potential bidder writes down a bid on a piece of paper. buyer with highest bid gets item and has to pay third highest bid. Is there dominant strategy equilibrium for this auction? Make sure you exhaust all possibilities.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9306789

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