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I think that for a Vickrey auction, the worst that a malicious seller could do, by injecting "false" bids, is (assuming the number of items sold is n), raise th
by gnomewascool 7y ago
I think that for a Vickrey auction, the worst that a malicious seller could do, by injecting "false" bids, is (assuming the number of items sold is n), raise the price from the value of the n+1th bid to just under the value of the nth bid. (Otherwise they'd end up with unsold stock.)
- detaro 7y agoUnsold stock could still be more profitable if the bids fall right, although could of course be noticed depending on the product and audience. At the core, at least everyone winning is always going to spend less than they bid.