A First-Price Sealed-Bid Asymmetric Auction When Two Bidders Have Respective CRRA and General Utility Functions

Table 1

Verification of the assumption b_α ≥ b_β.

ρα	0.8	0.8	0.9	0.9	0.9	0.9
θβ	0.6	0.7	0.3	0.7	0.8	0.9
bα	0.7971	0.7926	0.8955	0.8726	0.8674	0.8624
bβ	0.7900	0.7743	0.8858	0.8118	0.7951	0.7790