4 ms·

Because they'd be paying a dollar more than the second highest bid, not the amount of the highest bid. Frankly, I'm not sure how that could not be more clear.

• wbl 2y ago
  They wouldn't have made that bid if the rules were different! A vickrey auction has a lot of support as getting revenue.
  • freejazz 2y ago
    So?
    • AnthonyMouse 2y ago
      So a bid of $200 in a Vickrey auction that results in a $101 sale price doesn't imply that you could have otherwise gotten $200, because in a different type of auction the bidder wouldn't have bid that much.
      • freejazz 2y ago
        Well it does imply that they did value it at $200 so I'm not sure what you aren't getting because it's very plain.