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A Note on Expected Distances

โœ Scribed by Bryan H. Massam

Book ID
109147404
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
244 KB
Volume
6
Category
Article
ISSN
0016-7363

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The expected rent in a reverse (buyer's) auction is shown to be monotonically nonincreasing in the number of bidders if the distribution of valuations is DRHR (IFR). Conditions under which an increase in the spread of bids results in an increase in the expected rent are established as well.

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Necessary and su cient conditions for a sequence to be an expectation sequence of maximal (or minimal) order statistics are obtained. Applications to the study of convergence in distribution are given.