Example: Second Price Auction
{"Image DocumentName": "Example: Second Price Auction", "Image ImageDescription": "Recall: f assigns the item to one participant and. vi(j) = 0 if j \uf0b9 i and vi(i)=wi. f(v1, v2, \u2026 vn) = i s.t. wi =maxj(w1, w2,\u2026 wn) hi(v-i) = maxj(w1, w2, \u2026 wi-1, wi+1 ,\u2026, wn) pi(v) = hi(v-i) - \uf0e5j \uf0b9 i vj(f(v1, v2,\u2026 vn)) If i the winner pi(vi) = hi(v-i) = maxj \uf0b9 i wj. and for j \uf0b9 i. pj(vi)= wi \u2013 wi = 0. A={i wins|I 2 I}", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}