I don’t think that the service gets more expensive under a second price auction (which Choron uses). If you bid $10 and I bid $100, normally it would go to you for $100. In the randomized case, it might go to me for $100.
Oh yes, that’s right. I think I initially misunderstood the rules of the second price—I thought it would be $10 to me or $100 to you , randomly chosen.
Oh yes, that’s right. I think I initially misunderstood the rules of the second price—I thought it would be $10 to me or $100 to you , randomly chosen.