In common value auctions the value of the item for sale is identical amongst bidders, but bidders have different information about the item's value. This...

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...

Auction theory is a branch of applied economics that deals with how bidders act in auctions and researches how the features of auctions incentivise predictable...

common value auctions, where all bidders have the same (ex post) value for an item but receive different private (ex ante) signals about this value and...

purposes. In a common value auction with incomplete information, bid shading is used to compensate for the winner's curse. In such auctions, the good is...

introducing the common value factor, the English auction has a revenue advantage: each bidder's private information about the common value is valuable information...

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

English auction and gives bidders an incentive to bid their true value. The auction was first described academically by Columbia University professor...

Jafar; Safari, Ehram (1 May 2023). "Online Hybrid Dutch Auction with both private and common value components and counteracting overpayments". Electronic...

buyers' valuations are affiliated (e.g. in common value auctions). In this case, buyers in a Vickrey auction might be hurt by the winner's curse: if all...

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...

included. A common example of a double auction is stock exchange. As well as their direct interest, double auctions are reminiscent of Walrasian auction and have...

A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller...

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...

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 Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items. Bidders submit bids that report their valuations for the items...

Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which...

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...

Linkage principle, and deferred-acceptance auction, whereas Wilson's contributions were on the common value auction and the Wilson doctrine. Paul Milgrom was...

Suppose the auction has n {\displaystyle n} risk-neutral bidders. Each bidder has a private value v i {\displaystyle v_{i}} drawn i.i.d. from a common smooth...

final winning bid. With a well-designed auction, resources are allocated efficiently to the parties that value them the most, the government securing revenue...

win items that they value but also to support a charitable cause in part by driving up the price. This makes the charity auction a public good, and that...

reserve price, incomplete) and out of auction sales. Common contributing factors affecting the value of auctioned automobiles include: Low production volumes...

Aalsmeer Flower Auction (Bloemenveiling Aalsmeer) is a flower auction that takes place in Aalsmeer, Netherlands. It is the largest flower auction in the world...

Deferred-acceptance auction Robert B. Wilson (b. 1937) Harvard University Stanford University Simultaneous multiple round auctions (SMRA), Common value auction, Reputation...

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...

A present value of revenues auction, sometimes called a least present value of revenues auction, is a method of awarding contracts in which the bids are...

A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible...

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...

in the auction house terms and conditions. For UK properties, it is listed in the RICS (Royal Institute of Chartered Surveyors) Common Auction Conditions...