SSEL/CASSEL Multistage

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Individual Private Value Auction

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Description

This is an implementation of the seal-bid auction in which bids are hidden from other bidders. Depending the mode it's configured at experimental time, a winning bidder pays either the exact amount he bids or the 2nd or 3rd highest prices in the auction.

Reference

Limitations

Current implementation can auction only one item with one unit at a time.

Sample Parameter File

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