Multi-item auction where winners pay their individual bid prices for their chosen quantity.
: This is a specific type of "bulk" auction where multiple identical items are sold. Bidders submit bids for both a price and a quantity, and winners pay the exact amount they bid. Summary of Bulk Auction Types Auction Type Description Group-Buying bulk buy auctions
: The research from ResearchGate analyzes bidding processes under the Independent Private Values (IPV) model. It proves that the optimal strategy for a bidder is generally to bid their true perceived value, regardless of when they join the auction. Multi-item auction where winners pay their individual bid
For a deeper dive into how these mechanisms work, you can explore these specific resources: Summary of Bulk Auction Types Auction Type Description
Price drops for all participants as the total volume of bids increases.
Bidder's strategy under group-buying auction on the Internet