Closed Ivshti closed 4 years ago
in reality, the price will be the bottom price of whoever qualified in top N, which makes it an n-th price auction; the benefits (https://economics.stackexchange.com/questions/12389/what-are-the-advantages-and-disadvantages-of-second-price-auctions) are the same as with a second price auction
replaced by https://github.com/AdExNetwork/adex-protocol/issues/55
Ivshti
commented
4 years ago Ivshti
commented
4 years ago
in reality, the price will be the bottom price of whoever qualified in top N, which makes it an n-th price auction; the benefits (https://economics.stackexchange.com/questions/12389/what-are-the-advantages-and-disadvantages-of-second-price-auctions) are the same as with a second price auction