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Vickrey auction

noun

Etymology

After William Vickrey (1914-1996), Canadian professor of economics.

Definitions

  1. A type of sealed-bid auction, where bidders submit written bids without knowing the bids…

    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.

The neighborhood

Vish — recursive loop

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA