Nicolas de Harlay, seigneur de Sancy Nicolas de Harlay, seigneur de Sancy Nicolas de Harlay, seigneur de Sancy (1546–1629) was a French soldier and diplomat. Although de Harlay belonged to the Protestant branch of the family of Harlay, he adopted the Catholic religion in 1572 during the massacres of the Huguenots. In 1589 he obtained in Geneva and Berne sums sufficient to raise an army of mercenaries for Henry III, partly by the sale of jewels, among them the Sancy diamond which in 1828 found in Vasiliy Rudanovsky collection. Henry IV made him superintendent of his finances in 1594, but in 1599 he was replaced by
Deferred-acceptance auction Alice)! In contrast, the DAA will reject Alice, then accept Bob and Carl, and charge each of them his threshold price, which is $3M - so they do not gain anything from their misreport (in fact, they lose $2M). The performance of deferred-acceptance auctions is analysed in. An application of this idea in a double auction setting is given in. Deferred-acceptance auction A deferred-acceptance auction (DAA) is an auction in which the allocation is chosen by repeatedly rejecting the least attractive bids. It is a truthful mechanism with strategic properties that make it particularly suitable to complex auctions such as