Yizhaq Minchuk

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We compare the seller’s expected revenue in asymmetric second-price auctions with the benchmark case where all bidders have the average distribution. We show that with two bidders, asymmetry has a negative effect on revenue. However, for n > 2 bidders there is no clear observation we can make. We prove that in the case of weak asymmetry, sellers prefer(More)
We show that in a contest with many participants and a single prize, the expected e¤ort (or resources) made by a participant whose evaluation of the prize is ranked as the kth highest valuation obeys an exponential rule in the limit and is equal to 1=2k of the total expected e¤ort made by all of the participants. Thus, even if the contest’s organizer can(More)
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