An auction in which several (more than one) items are available for sale.
Mechanisms for allocating multiple units include
discriminatory and uniform price auctions.
Also commonly called a multiunit auction.
updated: 12 August 2005
HOW TO CITE THIS ENTRY
- To learn more:
- See news articles on auctions.
- Try a winner's curse applet on the applets page.
- Read about auction experiments at e-Economics.net.
- Learn about auctions by reading lecture notes.