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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. Dutch auction - Wikipedia

   en.wikipedia.org/wiki/Dutch_auction

   Dutch auctions are all sellers' bidding auctions, also known as silent auctions, which can be divided into two types. Manual silent auction is an early traditional form of price reduction auction, in which the auctioneer first publicly quotes the highest price, and then the bidders respond accordingly. In the event of a price that no one bids ...

4. Auction theory - Wikipedia

   en.wikipedia.org/wiki/Auction_theory

   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 outcomes. Auction theory is a tool used to inform the design of real-world auctions. Sellers use auction theory to raise higher revenues while allowing buyers to procure at a lower cost.

5. Auction - Wikipedia

   en.wikipedia.org/wiki/Auction

   The silent auction is a variant of the English auction in which bids are written on a sheet of paper. At the predetermined end of the auction, the highest listed bidder wins the item. [85] This auction is often used in charity events, with many items auctioned simultaneously and "closed" at a common finish time.

6. Vickrey auction - Wikipedia

   en.wikipedia.org/wiki/Vickrey_auction

   v. t. e. 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 other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar to an English auction and gives bidders ...

7. No-reserve auction - Wikipedia

   en.wikipedia.org/wiki/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. [1] [2]From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility of a bargain. [1]

8. Generalized second-price auction - Wikipedia

   en.wikipedia.org/wiki/Generalized_second-price...

   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 first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by the second-highest bidder, the second-highest pays the price bid by the third-highest, and so on.

9. Combinatorial auction - Wikipedia

   en.wikipedia.org/wiki/Combinatorial_auction

   A combinatorial auction is a type of smart market in which participants can place bids on combinations of discrete heterogeneous items, or “packages”, rather than individual items or continuous quantities. These packages can be also called lots and the whole auction a multi-lot auction. [1] Combinatorial auctions are applicable when bidders ...