Uniform Price Auction

A way to issue a security or commodity using the following steps. Potential buyers submit the quantity desired and a price per unit in sealed bids. When all bids are collected, the seller gives the desired quantity to the bidder who offered the highest price, then the second highest, and so forth, until all available units are sold. All buyers pay the price per unit of the lowest bid that was awarded units.

For example, suppose there are 100 available units and three bidders. Bidder A offers $45 per unit and wants 60 units; Bidder B wants 40 units at $60 per unit. Finally, Bidder C wants 30 units at $35 per unit. Under this scenario, Bidders A and B both receive their desired units and they both pay $45 per unit.

单词	uniform price auction
释义	Uniform Price Auction Uniform Price Auction A way to issue a security or commodity using the following steps. Potential buyers submit the quantity desired and a price per unit in sealed bids. When all bids are collected, the seller gives the desired quantity to the bidder who offered the highest price, then the second highest, and so forth, until all available units are sold. All buyers pay the price per unit of the lowest bid that was awarded units. For example, suppose there are 100 available units and three bidders. Bidder A offers $45 per unit and wants 60 units; Bidder B wants 40 units at $60 per unit. Finally, Bidder C wants 30 units at $35 per unit. Under this scenario, Bidders A and B both receive their desired units and they both pay $45 per unit.
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