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2. First-price sealed-bid auction - Wikipedia

   en.wikipedia.org/wiki/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. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]

3. Multiunit auction - Wikipedia

   en.wikipedia.org/wiki/Multiunit_auction

   In a discriminatory price auction (or pay-as-bid auction, [4] PAB [2]), multiple homogeneous items are sold at different prices. [5] An example is the auction system at the Dutch Flower Auctions , where a lot is allocated to (potentially) multiple buyers in different bidding rounds.

4. Ebidding - Wikipedia

   en.wikipedia.org/wiki/Ebidding

   A different option is the English Ticker which gradually declines the starting price by a predefined price interval. To make a bid, the price step has to be confirmed by the supplier. Also a First-price sealed-bid auction is possible. In this case, the suppliers make only one bid per item and then it is on the buyer to decide who the winner is.

5. Federal Acquisition Regulation - Wikipedia

   en.wikipedia.org/wiki/Federal_Acquisition_Regulation

   FAR Part 14 details the requirements for conducting a "sealed bid" tender, where federal requirements can be stated "clearly, accurately, and completely" and price is the only determinant of contract awardee. [25] Under this part, Unnecessarily restrictive specifications or requirements that might unduly limit the number of bidders are prohibited.

6. Vickrey auction - Wikipedia

   en.wikipedia.org/wiki/Vickrey_auction

   That is, the payment of the winner in the sealed first-price auction is equal to the expected revenue in the sealed second-price auction. Proof of revenue equivalence. Suppose that buyer 2 bids according to the strategy () = /, where () is the buyer's bid for a valuation . We need to show that buyer 1's best response is to use the same strategy.

7. Auction - Wikipedia

   en.wikipedia.org/wiki/Auction

   In an English auction, all current bids are visible to all bidders and in a sealed-bid auction, bidders only get to know if their bid was the best. Best/not best auctions are sealed-bid auctions with multiple bids, where the bidders submit their prices like in English auction and get responses about the leadership of their bid. [74]