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If there are N bidders in All-Pay Auction, calculate the seller's expected revenue in the All-Pay...

If there are N bidders in All-Pay Auction, calculate the seller's expected revenue in the All-Pay Auction. What
happens with the seller revenue if the number of bidders, N, increases?

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Answer #1

ANSWER :-

Given that,

If there are N bidders in All-Pay Auction

Here we need to caluculate the seller's expected revenue in the All-Pay Auction

in financial aspects and game theory,an all-pay closeout is a sale where each bidder must compensation whether or not they win the prize ,which is granted to the most noteworthy bidder as in an ordinary auction,the vender's relied upon income is equivalent to the estimation of prize.

What happens with the seller revenue if the number of bidders, N, increases

the number of bidders expands the merchant's normal income

Thank you

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