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5. When we analyzed the second-price all-pay auction in class, we assumed that the value V of the resource satises V = 1. Instead, consider
5. When we analyzed the second-price all-pay auction in class, we assumed that the value V of the resource satises V = 1. Instead, consider general V > 0. (a) Find an equilibrium. (b) In that equilibrium, What is the probability that both bidders bid in excess of twice the value V of the resource
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