For this week's discussion, find and describe an example of a real-world auction. Briefly identify the participants and the rules of the auction along with the object(s) being auctioned. Then address the following questions:
- Does one of the auction types that we have discussed fit your example well?
- What are the differences between your real-world example and the textbook models, and what factors would the bidders need to consider when modifying their bidding strategy to account for the differences?
- How do you think the strategies would change?