// multi-utility computation suite · offline · instant · precise
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fin.auction-revenue-equivalence Calculator
Calculates expected revenue, optimal reserve price, and probability of sale for first-price and second-price auctions. Revenue equivalence theorem: first and second-price auctions yield the same expected revenue under symmetric independent private values — a fundamental result in mechanism design.
Inputs
N Bidders
Count of items or occurrences.
V Max
Reference formula or conversion factor shown for context.
V Reserve
Reference formula or conversion factor shown for context.
Results
expected highest bid (no reserve)
Sample size or count used in the calculation.
probability of sale
Reference formula or conversion factor shown for context.