Vickrey auction en · NOUN
Etymology
After William Vickrey (1914-1996), Canadian professor of economics.
Meanings
- A type of sealed-bid auction, where bidders submit written bids without knowing the bids of others, in which the highest bidder wins but the price paid is the second-highest bid.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| Vickrey auctions | Number=Plur | lexicographic |