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SOLVED: 13.6 Third-Price Sealed-Bid Auction: Consider third-price sealed-bid auction in which the highest bidder wins the auction and the winner pays the third; highest bid. Assume that n players` valuations are privale
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Auctions Auction types: –First price, sealed bid auction –Second price, sealed bid auction –English auction (ascending bid auction) –Dutch auction (descending. - ppt download
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