A bid in a multiunit auction in which a bidder offers a price for a collection of goods (of the bidder's choosing) rather than placing a bid on each item separately.
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.