Generalized second-price auction
id:
generalized-second-price-auction-190-4922027
title:
Generalized second-price auction
text:
The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by the second-highest bidder, the second-highest pays the price bid by the third-highest, and so on. First conceived as a natural extension of the Vickrey auction, it conserves some of the desirable properties of the Vickrey auction. It is used m
brand slug:
wiki
category slug:
encyclopedia
description:
Search auction mechanism
original url:
https://en.wikipedia.org/wiki/Generalized_second-price_auction
date created:
2009-03-10T19:21:17Z
date modified:
2024-09-09T18:32:29Z
main entity:
{"identifier":"Q5532508","url":"https://www.wikidata.org/entity/Q5532508"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/f/ff/Microcosm_of_London_Plate_006_-_Auction_Room%2C_Christie%27s_%28colour%29.jpg","width":1776,"height":1334}
fields total:
13
integrity:
16