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
Sequential auction auction know that there are going to be future auctions, and this may affect their strategic considerations. Here are some examples. Example 1. There are two items for sale and two potential buyers: Alice and Bob, with the following valuations: In a SASP, each item is put to a second-price-auction. Usually, such auction is a truthful mechanism, so if each item is sold in isolation, Alice wins both items and pays 4 for each item, her total payment is 4+4=8 and her net utility is 5 + 5 − 8 = 2. But, if Alice knows Bob's valuations, she has