Multiunit auction

A multiunit auction is an auction in which several items are sold. ^[1]

4 relations: Aalsmeer Flower Auction, Auction, Double auction, Vickrey–Clarke–Groves auction.

Aalsmeer Flower Auction

Aalsmeer Flower Auction (Bloemenveiling Aalsmeer) is a flower auction that takes place in Aalsmeer, Netherlands.

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Auction

An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder.

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A double auction is a process of buying and selling goods when potential buyers submit their bids and potential sellers simultaneously submit their ask prices to an auctioneer, and then an auctioneer chooses some price p that clears the market: all the sellers who asked less than p sell and all buyers who bid more than p buy at this price p. Buyers and sellers that bid or ask for exactly p are also included.

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Vickrey–Clarke–Groves auction

A Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items.

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Redirects here:

Discriminatory auction, Discriminatory price auction, Multi-unit auction, Multiple-goods auction, Uniform price auction.

References

[1] https://en.wikipedia.org/wiki/Multiunit_auction

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