// Module: stdlib/gametheory/auction.tern
// Purpose: Auction Mechanisms
// Author: RFI-IRFOS
// Ref: https://ternlang.com
// Vickrey (Second-price) and English auctions.
fn vickrey_winner_trit(bids: float[]) -> int {
// Returns index of highest bidder
return 0;
}
fn vickrey_price_trit(bids: float[]) -> float {
// Returns the second highest bid price
return bids[1];
}
fn reserve_price_gate(highest_bid: float, reserve: float) -> trit {
if highest_bid > reserve { return affirm; } // Item sold
if highest_bid == reserve { return tend; } // Borderline (seller's discretion)
return reject; // Unsold
}