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Siebel eAuction Guide > Siebel eAuction Overview > Auction Types >
Reverse Vickrey Auction
A Reverse Vickrey auction is a Sealed-bid auction in which a winner pays the lowest losing bid price.
The quantity of a Reverse Vickrey auction is limited to one item.
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Siebel eAuction Guide Published: 18 April 2003 |