• Thumbnail for Generalized second-price auction
    The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the...
    10 KB (1,539 words) - 10:06, 7 August 2023
  • Thumbnail for Vickrey auction
    Vickrey auction for multiunit auctions exist, such as the generalized second-price auction used in Google's and Yahoo!'s online advertisement programmes...
    13 KB (2,217 words) - 23:23, 28 June 2024
  • Thumbnail for Generalized first-price auction
    The generalized first-price auction (GFP) is a non-truthful auction mechanism for sponsored search (a.k.a. position auctions). In sponsored search n bidders...
    3 KB (398 words) - 00:27, 1 January 2024
  • Thumbnail for Vickrey–Clarke–Groves auction
    outperforms the generalized second-price auction for both revenues produced for the seller and allocative efficiency. Consider an auction where a set of...
    14 KB (2,628 words) - 06:12, 16 April 2024
  • Thumbnail for Sponsored search auction
    search auction mechanisms, such as the generalized second-price auction and the Vickrey–Clarke–Groves auction. Generalized second-price auction (GSP) is...
    6 KB (995 words) - 18:56, 15 January 2024
  • Thumbnail for Auction
    multi-winner auctions. Multiunit auction, Combinatorial auction, Generalized first-price auction and Generalized second-price auction are multi-winner auctions. Auctions...
    111 KB (13,497 words) - 15:24, 1 July 2024
  • Thumbnail for Dutch auction
    Dutch auction has also been called a clock auction or open-outcry descending-price auction. This type of auction shows the advantage of speed since a sale...
    24 KB (3,117 words) - 19:16, 30 May 2024
  • Thumbnail for First-price sealed-bid auction
    A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. In this type of auction, all bidders simultaneously...
    11 KB (1,663 words) - 11:33, 13 April 2024
  • Thumbnail for Price of anarchy in auctions
    Price of anarchy for greedy auctions. SODA 2010. Leme, Renato Paes; Tardos, Eva (2010). "Pure and Bayes-Nash Price of Anarchy for Generalized Second Price...
    21 KB (2,914 words) - 20:15, 16 April 2024
  • Thumbnail for Japanese auction
    A Japanese auction (also called ascending clock auction) is a dynamic auction format. It proceeds in the following way. An initial price is displayed...
    5 KB (790 words) - 02:01, 3 December 2021
  • servers The Geometer's Sketchpad, educational software Generalized second-price auction Generalized System of Preferences, a preferential tariff system German...
    2 KB (310 words) - 22:58, 26 May 2024
  • Thumbnail for Auction theory
    value. Second-price sealed-bid auctions (Vickrey auctions) which are the same as first-price sealed bid auctions except that the winner pays a price equal...
    39 KB (5,359 words) - 17:39, 30 June 2024
  • Michael; Schwarz, Michael (2007). "Internet Advertising and the Generalized-Second Price Auction: Selling Billions of Dollars worth of Keywords". American Economic...
    3 KB (283 words) - 03:14, 31 May 2024
  • Thumbnail for English auction
    know exactly when the auction would end and make a last-second bid. A Japanese auction is a variant in which the current price changes continuously according...
    9 KB (1,173 words) - 15:01, 28 March 2024
  • Thumbnail for Walrasian auction
    Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible price and...
    4 KB (511 words) - 04:25, 21 June 2024
  • Thumbnail for Double auction
    auctions are reminiscent of Walrasian auction and have been used as a tool to study the determination of prices in ordinary markets. A double auction...
    22 KB (3,196 words) - 12:26, 22 June 2024
  • Thumbnail for Multiunit auction
    different prices (a discriminatory price auction). A uniform price auction otherwise known as a "clearing price auction", pay-as-clear or marginal price auction...
    7 KB (818 words) - 05:22, 9 August 2023
  • Thumbnail for Name your own price
    of product pricing. Popularized by the reverse auction pioneer, Priceline.com, such pricing strategy asks consumers to 'name their own price' for various...
    10 KB (1,238 words) - 10:47, 25 October 2023
  • Thumbnail for Chinese auction
    Chinese auction is a derogatory term for a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's...
    3 KB (254 words) - 20:06, 21 May 2024
  • Thumbnail for Penny auction (foreclosure)
    A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent...
    2 KB (176 words) - 18:48, 27 September 2023
  • Thumbnail for No-reserve auction
    A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. From the seller's...
    3 KB (306 words) - 21:18, 30 May 2023
  • Thumbnail for Calcutta auction
    A Calcutta auction is an open auction held in conjunction with a golf tournament, horse race or similar contest with multiple entrants. It is popular in...
    4 KB (582 words) - 14:29, 17 February 2024
  • Thumbnail for Single-price auction
    Single-price auctions are a pricing method in securities auctions that give all purchasers of an issue the same purchase price. They can be perceived...
    7 KB (1,017 words) - 00:03, 11 November 2023
  • Thumbnail for Buyer's premium
    Buyer's premium (redirect from Hammer price)
    In auctions, the buyer's premium is a charge in addition to the hammer price (i.e. the winning bid announced) of an auction item, or lot. The winning bidder...
    9 KB (1,052 words) - 05:47, 2 July 2024
  • Thumbnail for Reverse auction
    In an ordinary auction also known as a forward auction, buyers compete to obtain goods or services by offering increasingly higher prices. In contrast,...
    27 KB (3,563 words) - 16:29, 30 June 2024
  • Thumbnail for Virginity auction
    A virginity auction is an auction, often publicized online, where a person seeks to sell their virginity. The winning bidder will win the right to be...
    25 KB (2,713 words) - 10:40, 29 May 2024
  • Thumbnail for Aalsmeer Flower Auction
    they can be graded on a scale (A1, A2 and B). The auction is set up as a Dutch auction in which the price starts high and works its way down. Bidders get...
    4 KB (309 words) - 21:30, 29 May 2023
  • Thumbnail for Brazilian auction
    A Brazilian auction is a certain set of rules for a reverse auction. The buyer communicates the price she or he is willing to pay for the whole lot in...
    2 KB (228 words) - 14:20, 17 February 2024
  • Thumbnail for Auction software
    publications exposing results for generalized second price auctions, Dutch auctions, all-pay auctions and other auction types. Auction websites reside in three...
    13 KB (1,196 words) - 05:48, 2 July 2024
  • Thumbnail for Auction algorithm
    linear and convex/nonlinear cost. An auction algorithm has been used in a business setting to determine the best prices on a set of products offered to multiple...
    7 KB (798 words) - 00:34, 13 June 2024