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
|