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We compare the expected revenue in first- and second-price auctions with asymmetric bidders. We consider “close to uniform” distributions with identical supports and show that in the case of identical supports the expected revenue in second-price auctions may exceed that in first-price...
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large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of …
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a Nash equilibrium in a modified generalized second price (GSP) auction …
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