Word.ws English Dictionary

Vickrey auction

Vickrey auction noun: a type of sealed-bid auction, where bidders submit written bids without knowing the bids of others, in which the highest bidder wins but the price paid is the second-highest bid.

Noun

Vickrey auction (plural Vickrey auctions)

  1. A type of sealed-bid auction, where bidders submit written bids without knowing the bids of others, in which the highest bidder wins but the price paid is the second-highest bid.

Forms of Vickrey auction

pluralVickrey auctions

Origin of Vickrey auction

After William Vickrey (1914-1996), Canadian professor of economics.

Questions about Vickrey auction

What does Vickrey auction mean?
Vickrey auction means a type of sealed-bid auction, where bidders submit written bids without knowing the bids of others, in which the highest bidder wins but the price paid is the second-highest bid.
What part of speech is Vickrey auction?
Vickrey auction is a noun.
What is the plural of Vickrey auction?
The plural of Vickrey auction is Vickrey auctions.

Words near Vickrey auction in the dictionary

  1. Vicki
  2. Vickie
  3. Vicknair
  4. Vicknairs
  5. Vickrey
  6. Vickrey auction
  7. Vickrey auctions
  8. Vickroy
  9. Vickroys
  10. Vicksburg
  11. Vicksburgian

Source and license

Adapted from Wiktionary: Vickrey auction (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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