Goldreich, David (contributor) - 2004 - [Elektronische Ressource]
suboptimal bids, i.e., they could increase the probability of winning the auction
without changing the price they would pay for … yield space can be finer than the grid in price space. Since the
2
auction rules specify that the lowest submitted yields … win the auction, there can be two (or
more)bidsthatarethesameinpricespace,ofwhichonewillwintheauctionandonewill
lose. I …