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The key idea to obtain an estimate for the value function V is to draw a random sample of states and numerically solve the explicit expression for the value function derived in Jofre-Bonet and Pesendorfer (2003) for every bidder on this grid and approximate it by a polynomial outside the grid.
Similar(55)
The Delaware courts are not likely to strictly scrutinize this lock-up without another bidder on the scene.
And there appears no strategic bidder on the horizon willing to bid.
Then a third bidder, on the phone with another Christie's operative, entered the fray.
It turns out that he is a very active bidder on the site, at all times of the day.
A few months later the Fortress Investment Group, the only bidder on the building at a foreclosure auction, took control of the Sheffield.
B1 Santa's Internet Helpers A new kind of day trading is flourishing this holiday season, with e-elves buying popular toys at regular prices in stores and then selling them to the highest bidder on the Internet.
The painting, depicting figures dancing at dawn, ended up selling for a higher price to a rival bidder on the telephone, whom Sotheby's officials declined to identify.
Lewis was the sole bidder on the Olmos Block, named after the geologic formation straddling the border.
"We remain determined that this company will not be sold to the Ferrovial Consortium or any other bidder on the cheap, BAA's Chairman Marcus Agius decried in a statement.
(Twitter advertisers can buy advertising with MoPub publishers, but Szu said those advertisers are treated as just another bidder on the MoPub exchange).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com