In an auction with three bidders ie(1,2,3) and private valuations XIE[0,1] these valuations are distributed independently...

 

Transcribed Image Text:

In an auction with three bidders ie(1,2,3) and private valuations XIE[0,1] these valuations are distributed independently of each other according to distribution functions F(x)=x^2 What is the density function G(x) in this case? (It is known that if F(x) = x then G(x)=x^ (N-1) with N is the number of bidders) In an auction with three bidders ie(1,2,3) and private valuations XIE[0,1] these valuations are distributed independently of each other according to distribution functions F(x)=x^2 What is the density function G(x) in this case? (It is known that if F(x) = x then G(x)=x^ (N-1) with N is the number of bidders)