gt_auction_optimal_reserve
Calculates the optimal reserve price in an auction using Myerson's virtual valuation approach, given bidder value priors, number of bidders, and seller valuation.
Instructions
Myerson optimal reserve from virtual-value-equal-seller-valuation.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| bidder_value_prior | Yes | ||
| n_bidders | Yes | ||
| seller_valuation | Yes |