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Consider a second-price sealed bid auction of an indivisible object with complete information of two players, i.e., the valuations 1 and 2 are known to
Consider a second-price sealed bid auction of an indivisible object with complete information of two players, i.e., the valuations 1 and 2 are known to each other. Construct the players' best response functions. Find all Nash equilibria. In the case of 1 = 2, we believe that Player 1 wins the auction and gets the object
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