What does "second price auction" mean?
An auction model where the billing is done at the level of the second bid + 1 cent.
Example: for an advertising impression, bidder 1 proposed a CPM of 2€ and bidder 2 proposed 1,5€. Bidder 1 wins the auction and will be charged €1.51 per CPM.
Download our Trendbook
Our TrendBook, the fruit of the hybridization of the agency's know-how, reveals the four major trends in the media and advertising sector, deciphered by our experts:
- How to capture consumers in the age of the Messy Funnel;
- Why AI is emerging as a cultural revolution;
- How television is becoming plural;
- Why influencer marketing has reached the age of maturity.
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