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 as...

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...

A Vickrey auction or sealed-bid second-price auction (SBSPA) is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the...

theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most...

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...

to bid prices lower than the starting price, or the item is not sold at all, according to the wishes of the seller or protocols of the auction house....

four types of auctions that are used for the sale of a single item: First-price sealed-bid auction in which bidders place their bids in sealed envelopes...

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...

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...

sold at auction documents the watches sold at auction worldwide for at least 1.5 million US dollars. The final price listed is the total price paid by...

different prices (a discriminatory price auction). A uniform price auction otherwise known as a "clearing price auction", pay-as-clear or marginal price 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...

In an ordinary auction also known as a forward auction, buyers compete to obtain goods or services by offering increasingly higher prices. In contrast,...

America are auction houses with significant ties elsewhere in the world such as art brokerages. The chant consists of at least the current price, the asking...

sniping is a rational gain-maximizing (in other words, price-minimizing) strategy for bidders in auctions that fulfill two criteria: the end time is rigidly...

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...

case, it is common to speak of the Bayesian price of anarchy, or BPoA. In a first-price auction of a single item, a Nash equilibrium is always efficient...

the generalized second-price auction for both revenues produced for the seller and allocative efficiency. Consider an auction where a set of identical...

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...

the first trades. There is also a single-price auction between 4:10 pm and 4:12 pm to set the daily closing prices. Security holders hold shares in one...

An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected...

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...

generalized second-price auction (GSP) auction, the natural generalization of a second price, single item, multi bidder auction. Marketing activities related...

side, it is the lowest price a seller is willing to accept for a good or service. Reservation prices are commonly used in auctions, but the concept can...

a single Imperial Qing dynasty porcelain bowl, another item which belonged to Barbara Hutton, was auctioned by Christie's Hong Kong for a price of US$19...

setting, BO pricing is no longer equivalent to BO auction: in pricing, the seller has to determine the price/s in advance, while in auction, the seller...

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...

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...

of product pricing. Popularized by the reverse auction pioneer, Priceline.com, such pricing strategy asks consumers to 'name their own price' for various...

Chinese auction is a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's bid. The choice of the...