Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder

تمرين 1

The analysis in Table shows that player 1
prefers to bid 50 (his or her valuation) rather than30 (a lower bid than his or her valuation). Use a similar analysis to show that player 1 would prefer to bid 50 than 70 (a higher bid than his or her valuation).
Table Bidding Valuation 50 is Player 1's Dominant Strategy
in a Second-Price Auction