Nicolas de Harlay, seigneur de Sancy As diamonds were becoming increasingly fashionable at the time, Henry arranged to borrow de Sancy's diamond to decorate his cap. Henry IV also borrowed the stone, for the more practical purpose of using it as security for financing an army. Legend has it that a messenger carrying the jewel never reached his destination, but de Sancy (by then Superintendent of Finance) was convinced that the man was loyal and had a search conducted until the site of the messenger's robbery and murder was found. When the body was disinterred, the jewel was found in the faithful man's stomach. De Sancy
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