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What Is the Term for an Allocation System Where Sellers

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What is the term for an allocation system where sellers are allowed to determine the method of allocation on the basis of their own preferences?


Definitions:

Income Linked

Relates to financial activities or items that are directly connected to an individual's or household's earnings.

Incentive Pay

Incentive Pay is a form of compensation where employees receive additional pay or bonuses based on their performance, productivity, or meeting certain targets.

Null Hypothesis

A hypothesis that assumes no statistical significance or effect in the population from which a sample is drawn.

Probability

A numeric scale from 0 to 1 indicating how probable an event is to take place.

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