A bid which indicates different prices for different quantitites of the item offered for sale.
A series of price-quantity combinations is tendered to the auctioneer.
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.