: 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
Bidder's strategy under group-buying auction on the Internet bulk buy auctions
For a deeper dive into how these mechanisms work, you can explore these specific resources: : This is a specific type of "bulk"
: "Auction-Based Mechanisms for Electronic Procurement" describes scenarios where purchase requests are aggregated and bundled into a single Request for Quote (RFQ), allowing suppliers to provide volume discounts through competitive bids. Multi-item auction where all winners pay the same
Multi-item auction where all winners pay the same price (usually the lowest successful bid).
Multi-item auction where winners pay their individual bid prices for their chosen quantity.