Vickrey auction

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf auction type
gptkbp:alsoKnownAs second-price sealed-bid auction
gptkbp:application spectrum auctions
advertising auctions
gptkbp:biddingType sealed-bid
gptkbp:category gptkb:economic_policy
mechanism design
gptkbp:firstDescribed 1961
https://www.w3.org/2000/01/rdf-schema#label Vickrey auction
gptkbp:inventedBy gptkb:William_Vickrey
gptkbp:namedAfter gptkb:William_Vickrey
gptkbp:pricePaid second-highest bid
gptkbp:relatedTo gptkb:English_auction
Dutch auction
first-price sealed-bid auction
gptkbp:strategy truthful bidding is dominant strategy
gptkbp:usedIn game theory
auction theory
gptkbp:winnerDetermination highest bidder wins
gptkbp:bfsParent gptkb:Vickrey,_William
gptkb:William_Vickrey
gptkbp:bfsLayer 5