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Table 1. Proportion (%) of ρ in HT with u(0, ·) > u(ρ, ·)
Figure 1. Valuation densities and revenue functions. Panels (a) and (c) plot the exponential-like density function and associated revenue
Figure 2. Valuation densities and revenue functions. Panels (a) and (c) plot the lognormal density with (μ, σfunctions for alternative number of bidders) = (3, 1) and associated revenue m
Figure 3. Exponential-like distribution. The revenue function is plotted along with the distributions of the lower and the upper bounds for the
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