uniform price auction

uniform price auction
uniform price auction UK US noun [C] (also Dutch auction)
COMMERCE a public sale in which a fixed number of similar things are sold at the same price. Each buyer asks for a particular amount and offers a particular price that they are willing to pay. The buyer that offers the most is the first to receive the goods that they have asked for, and then the goods are sold to other buyers in order, according to how much they have offered, until all the goods are gone. The price of the goods is then fixed at a level that is the same for every buyer: »

The sale will be conducted as a uniform price auction, and prospective buyers will be asked to submit sealed bids.


Financial and business terms. 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Uniform price auction — A uniform price auction is a multiunit auction in which a fixed number of identical units of a commodity are sold for the same price. The buyers in the auction bid a maximum price p they are willing to pay per item, and the number of units they… …   Wikipedia

  • Discriminatory price auction — A discriminatory price auction is a multiunit auction in which units are sold for different prices.ee also*uniform price auction *price discrimination …   Wikipedia

  • Auction — Auctioneer redirects here. For the DC Comics supervillain, see Auctioneer (comics). An auctioneer and her assistants scan the crowd for bidders. An auction is a process of buying and selling goods or services by offering them up for bid, taking… …   Wikipedia

  • auction — A common method of issuing gilts. Similar to a tender offer. In an auction, investors apply to buy the new gilts being issued, specifying the amount they wish to purchase and the price they are prepared to pay. The new gilts will be issued to… …   Financial and business terms

  • Auction theory — is an applied branch of game theory which deals with how people act in auction markets and researches the game theoretic properties of auction markets. There are many possible designs (or sets of rules) for an auction and typical issues studied… …   Wikipedia

  • Dutch auction — Auction in which the lowest price necessary to sell the entire offering becomes the price at which all securities offered are sold. This technique has been used in Treasury auctions. The New York Times Financial Glossary auction in which the… …   Financial and business terms

  • Price-drop tv — Infobox TV channel name = price drop tv logofile = Price drop tv logo.png logosize = 200px logoalt = launch = 11 June, 2003 share = 0.1% share as of = February 2008 share source = [http://www.barb.co.uk/viewingsummary/monthreports.cfm?report=month… …   Wikipedia

  • Vickrey auction — A Vickrey auction is a type of sealed bid auction, where bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second highest bid. The auction was created by… …   Wikipedia

  • French auction — A French auction ( Offre à Prix Minimal , formerly Mise en Vente ) is a uniform price auction used for pricing initial public offerings in France.In this offering, the firm announces a minimum (reserve) price. Investors place sealed bids for… …   Wikipedia

  • Multiunit auction — A multiunit auction is an auction in which several items are sold. The units can be sold each at the same price (a uniform price auction) or at different prices (a discriminatory price auction). Categories: Game theoryEconomics and finance stubs …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”