Unformatted text preview: [0 , 1] . (a) Derive a symmetric Bayesian Nash equilibrium. (b) Find the optimal reserve price to maximize the seller’s revenue as a function of n (you may use the revenue equivalence theorem for the case with uniform distributions). Also derive the symmetric Bayesian Nash equilibrium with this optimal reserve price. 1...
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- Winter '10
- Game Theory, Auction, Bayesian Nash equilibrium, Ichiro Obara, symmetric Bayesian Nash