Yankee auction generally implies a multiunit discriminatory
English auction. Unlike a Vickrey auction where each winning bidder pays the same price for each unit, in a Yankee auction,
bidders pay amounts equal to their (possibly different) bids.
created: 24 January 2007
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.