📜 Contributions by @flancian at [[vickrey auction]]
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📜 vickrey auction.md (contribution by @flancian) ☆ 📎 ️🔗 ✍️

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.
🕒 Last updated 2026-03-26 23:53:53

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