What is the difference between a Vickrey auction and a second price auction?
A) A Vickrey auction is a special case of a second price auction. It is a sealed bid second price auction.
B) In a Vickrey auction the highest bidder does not always win the object.
C) In a Vickrey auction the highest bidder wins and pays his bid.
D) A Vickrey auction is a special case of a second price auction. It is an open bid second price auction.
Correct Answer:
Verified
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