I found and read a very easy and well written paper by David Reiley: "Vickrey Auctions in Practice: From Nineteenth Century Philately to Twenty-first Century E-commerce"(available in internet, just google it).
I did not know that collecting stamps was such a old hobby (a bit boring... isn't it?).
A Vickrey auction (or second-price auction) is a auction where the bidder who offers the highest price wins the auction, but he's not expected to pay the full amount of his bid, just the sencond highest price plus a small increment (if the highest bid is 100€ by bidder A and the second highest is 90€ by bidder B, bidder A will win and pay 91€, if the increment is 1€).
This is for example the type of auction going on in eBay.
William Vickrey won (post mortem) the Nobel Price for Economics in 1996 for his studies on auctions theory.
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