Yankee auction, Game Theory

 

Yankee auction typically implies a multiunit discriminatory English auction. not like a Vickrey auction where every winning bidder pays identical worth for every unit, in a very yank auction, bidders pay amounts equal to their (possibly different) bids.

 

Posted Date: 7/21/2012 5:16:37 AM | Location : United States







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Yankee auction typically implies a multiunit discriminatory English auction. not like a Vickrey auction where every winning bidder pays identical worth for every unit, in a very ya