15-3. Vickrey Auction Suppose after submitting your sealed bid in a Vickrey auction, you find out that
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15-3. Vickrey Auction Suppose after submitting your sealed bid in a Vickrey auction, you find out that you have lost the auction (you were not the highest bidder); however, you have the opportunity to revise your bid. Would you go ahead and change your bid? Why or why not?
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Managerial Economics A Problem Solving Approach
ISBN: 9780324359817
1st Edition
Authors: Luke M. Froeb, Brian T. McCann
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