Auction theory : Winner's Curse given common values and Revenue Equivalence given independent private values. 拍卖理论:有同等价值的赢家曲线以及在独立的私人价值下的收入等式。
This paper analyzes the relationship between the reserve price and the number of bidders under the condition of independent private values, correcting the traditional false view that optimal reserve price is irrelevance to the number of bidders. 本文分析了独立的私人估价环境下最优保留价格与竞买人数之间的关系,纠正了最优保留价格与竞买人数无关的传统观点。