This term describes auctions where the winning bidder pays the amount of their final bid, as opposed to second price auctions where the winning bidder pays the amount of the highest unsuccessful bid.
« Back to Glossary IndexThis term describes auctions where the winning bidder pays the amount of their final bid, as opposed to second price auctions where the winning bidder pays the amount of the highest unsuccessful bid.
« Back to Glossary IndexThe certification names are the trademarks of their respective owners.
