Explore: Uniform Price

price (a uniform price auction) or at different prices (a discriminatory price auction). A uniform price auction otherwise known as a "clearing price

bid by specifying a price and quantity collectively. This Dutch auction mechanism has been referred to as ascending uniform-price "Dutch" auction. The

a uniform price auction. The uniform-price auction does not, however, result in bidders bidding their true valuations as they do in a second-price auction

paid the price (or yield) they bid, and thus the various winning bidders did not all pay the same price. Both discriminatory and uniform price or "Dutch"

thus uniform pricing has another name, postage stamp pricing. Zone pricing (also zonal pricing) is a variant of the uniform pricing: the prices are the

sectors, economists have characterized dynamic pricing as having welfare improvements over uniform pricing and contributing to more optimal allocation of

price flexibility and uniform pricing in traditional brick-and-mortar stores. An externality of the increasing price flexibility and uniform pricing has

simply differ in a uniform price level; rather, the difference in food prices may be greater than the difference in housing prices, while also less than

also a Pareto efficient allocation mechanism. Milgrom, Paul (2004). Uniform Price Auctions. In Putting Auction Theory to Work. Churchill Lectures in Economics

The licence is obtained from a successful winning bid in an open bid uniform price auction which grants the legal right of the holder to register, own