Economic and Game Theory
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"Inside every small problem is a large problem struggling to get out." | |||||
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1. One bid with two winners. 2. Two similar consequents bids with one winner in each bid. Several assumptions: 1. 4-6 bidders each bid. 2. If choosing the two bids option the bidders in the second bid know the winning price in the first bid and the winner in the first bid is allowed to participate in the second bid. [Manage messages] |