Multiunit auction

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A multiunit auction is an auction in which several items are sold. The units can be sold each at the same price (a uniform price auction) or at different prices (a discriminatory price auction).

[edit] Discriminatory Price Auction

In a discriminatory price auction, multiple homogeneous items are sold at different prices. An example is the auction system at the Dutch Flower Auctions, where a lot is allocated to (potentially) multiple buyers in different bidding rounds. To speed up this process, the initial auction price for any subsequent bidding round is set just slightly higher than the previous winning bid (around 15-20 cents, or 15-30% on average).


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