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bid and profit online first-price auction with entry fee

bid and profit online first-price auction with entry fee -...

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Suboptimal Bidding and Profits in 2-Bidder First-Price Auction with $25 Entry Fee -20 -10 0 10 20 30 40 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
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Unformatted text preview: Round Dollars Average deviation from equilibrium bid Average profit...
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