Question: Need help with c, d, e, f, and g. Thanks Question 1. Single-Unit Auctions ......................................... [40 marks] Within the IPVP, assume N potential risk-neutral bidders

Need help with c, d, e, f, and g. Thanks

 Need help with c, d, e, f, and g. Thanks Question

Question 1. Single-Unit Auctions ......................................... [40 marks] Within the IPVP, assume N potential risk-neutral bidders and no reserve price. The bidder valuations are independently and identically distributed (iid) with the following cumulative distribution function (cdf): Fv('Ui)='Ui2; \"1'6 [091]) 7:21:23'H7N Assume N = 4 and there is purposeful bidding (no speculative behaviour) and no collusion among bidders. (a) Find the probability density function (pdf) of this distribution. Calculate the mean and variance of the distribution. [5 marks] (b Explain the equilibrium bidding strategy at an English auction. [5 marks] c Solve for the equilibrium bid function at an Dutch or FPSB auction. [10 marks] ( (d (e Write a Python code to plot the equilibrium bidding strategies derived in parts [E] and E] Explain the intuition behind your answer. [5 marks] Solve for the equilibrium bid function at an AllPay auction. [5 marks] ) ) ) ) (f) Find the probability density function of the winning bid W at an FPSB auction where W equals 0(V1W). [5 marks] (g) Calculate the expected revenue under the FPSB auction. [5 marks]

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