[wbl]

How would it do that? You need to leave a little on the table for the deal to work.

[freejazz]

Because they'd be paying a dollar more than the second highest bid, not the amount of the highest bid. Frankly, I'm not sure how that could not be more clear.

[wbl]

They wouldn't have made that bid if the rules were different! A vickrey auction has a lot of support as getting revenue.

[freejazz]

So?

[AnthonyMouse]

So a bid of $200 in a Vickrey auction that results in a $101 sale price doesn't imply that you could have otherwise gotten $200, because in a different type of auction the bidder wouldn't have bid that much.

[freejazz]

Well it does imply that they did value it at $200 so I'm not sure what you aren't getting because it's very plain.