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Based on the entered definitions:  ``An \\textit{allocation profile} for \\(V\\) is a pair \\((A, S)\\) of functions \\(A, S : G(V) \\longmapsto \\{0, 1,\\ldots , n\\}\\) that specifies a tentative outcome of every possible bidding round. For each subgame \\(U\\) of \\(V\\),  -- \\(A(U)\\) is the bidder with the highest valid bid in the first round of \\(U\\), or 0 indicating there are no valid bids.  -- \\(S(U)\\) is the bidder with the second-highest valid bid in the first round of \\(U\\), or 0 indicating there are less than two valid bids.'';  ``An allocation profile \\(P = (A, S)\\) is \\textit{consistent} if, under the induced strategy profile \\(\\sigma^P\\), for every subgame \\(U\\), \\(A(U)\\) is the highest bidder in the earliest round of \\(U\\), if there is one, or is 0 if there is none, and \\(S(U)\\) is the second-highest bidder in the earliest round of \\(U\\), if there is one, or is 0 if there is none.''  the authors prove the following result (see, Theorem 1):  Every consistent allocation profile induces an option-value bidding strategy profile which is in subgame-perfect equilibrium, with non-negative utilities for all bidders, and vice versa.  This result may be extended to a model with arrivals of 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