Word Pronunciation & Dictionary

vickrey auction

Word Rarity Very rare

Frequency: Zipf frequency 1.35 in modern English

Syllables: vick-rey auc-tion
IPA

28

Scrabble Score

14

Letters

3

Syllables

12

Unique Chars

Meaning

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.

Etymology

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

Inflected Forms

Vickrey auctions (plural)

Phrases

silent auction

Frequently Paired Words

silent auction

Questions

What does vickrey auction mean?: 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.
Where does vickrey auction come from?: After William Vickrey (1914-1996), Canadian professor of economics.

How to pronounce vickrey auction

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