# First-price auction

> common type of auction where all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant

**Wikidata**: [Q1362360](https://www.wikidata.org/wiki/Q1362360)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/First-price_sealed-bid_auction)  
**Source**: https://4ort.xyz/entity/first-price-auction


## References

1. Freebase Data Dumps. 2013