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Consider a Vickrey second-price auction with two bidders. Show that for each choice of bidder 1's value v1 and any possible bid b1 = v1
Consider a Vickrey second-price auction with two bidders. Show that for each choice of bidder 1's value v1 and any possible bid b1 = v1 he might submit, there is a bid by the other bidder that yields bidder 1 strictly less utility than he would have gotten had he bid truthfully
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