Vickrey auction
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Vickrey auction — A Vickrey auction is a type of sealed bid auction, where 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. The auction was created by… … Wikipedia
Vickrey-Clarke-Groves mechanism — Vickrey Clarke Groves Mechanisms (VCG Mechanisms) are a generalization of the Vickrey auction.VCG Mechanism for the provision of public goodsThe price of the public good is divided by the number of players, and evenly distributed among them. The… … Wikipedia
Auction — Auctioneer redirects here. For the DC Comics supervillain, see Auctioneer (comics). An auctioneer and her assistants scan the crowd for bidders. An auction is a process of buying and selling goods or services by offering them up for bid, taking… … Wikipedia
Vickrey, William — ▪ American economist in full William Spencer Vickrey born June 21, 1914, Victoria, British Columbia, Canada died October 11, 1996, Harrison, New York, U.S. Canadian born American economist who brought innovative analysis to the problems… … Universalium
Auction theory — is an applied branch of game theory which deals with how people act in auction markets and researches the game theoretic properties of auction markets. There are many possible designs (or sets of rules) for an auction and typical issues studied… … Wikipedia
Vickrey-Clarke-Groves-Mechanismus — Vickrey Clarke Groves Mechanismen (VCG Mechanismen) sind eine Verallgemeinerung der Vickreyauktion. Mit diesem Begriff wird eine Klasse von Mechanismen bezeichnet, deren Mitglieder die Eigenschaft haben, dass wahrheitsgemäßes Bieten eine… … Deutsch Wikipedia
Vickrey-Clarke-Groves — Enchère de Vickrey Une enchère de Vickrey ou enchère au second prix est un type d enchère à plis fermés où le lot est attribué au plus offrant mais au prix donné par le deuxième plus offrant. Elles portent le nom de William Vickrey, qui a… … Wikipédia en Français
Vickrey-Auktion — Die Vickreyauktion ist eine Auktionsform. Sie ist auch unter der Bezeichnung Zweitpreisauktion (Second Price Sealed Bid Auction) bekannt. Die Vickreyauktion ist nach ihrem Erfinder, dem Nobelpreisträger William Vickrey, benannt und zeigt ihre… … Deutsch Wikipedia
William Vickrey — Infobox Scientist name = William Vickrey image size = 180px birth date = birth date|1914|6|21|mf=y birth place = Victoria, British Columbia, Canada death date = death date and age|1996|10|11|1914|6|21|mf=y death place = Harrison, New York, USA… … Wikipedia
English auction — An English auction is a type of auction, whose most typical form[clarification needed] is the open outcry auction. The auctioneer opens the auction by announcing a Suggested Opening Bid, a starting price or reserve for the item on sale and then… … Wikipedia
