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Glossary > Y > "Yankee auction" Definition

Yankee auction

An auction of multiple identical items in which the winning bidders pay the prices that they have bid. For a contrasting system, see "Dutch auction".

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Yankee auction \ An auction of multiple identical items in which the winning bidders pay the prices that they have bid. For a contrasting system, see "Dutch auction".

Yankee auction / an auction of multiple identical items in which the winning bidders pay the prices that they have bid. for a contrasting system, see "dutch auction".