πŸ“• node [[vickrey-auction]] βΈ– πŸ““ subnode [[@flancian/vickrey auction]]
πŸ““ text vickrey auction.md contributed by @flancian ️本 πŸ“

Vickrey Auction

  • https://en.wikipedia.org/wiki/Vickrey_auction
  • A Vickrey auction is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar to an English auction and gives bidders an incentive to bid their true value.
Receiving pushes... (requires JavaScript)
Loading context... (requires JavaScript)
πŸ›οΈ stoas for [[@flancian/vickrey auction]]
πŸ“– Open document (Hedgedoc) at https://doc.anagora.org/vickrey-auction