Search results
Results from the WOW.Com Content Network
Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment. It differs from a Vickrey auction in that bids are not sealed; the "current highest bid" (defined as second-highest bid plus bid increment) is always displayed.
The largest consumer-to-consumer online auction site is eBay, which researchers suggest is popular because it is a convenient, efficient, and effective method for buying and selling goods. [ 6 ] Despite the benefits of online auctions, the anonymity of the internet, the large market, and the ease of access makes online auction fraud easier than ...
Potential buyers are then free to bid on the item until the time period expires. The buyer with the highest offer wins the right to purchase the item for the price determined at the end of the auction. A reverse auction is different in that a single buyer offers a contract out for bidding. (In an e-procurement arrangement this is done either by ...
For the case of two buyers and uniformly distributed values, he showed that the symmetric-equilibrium strategy was to submit a bid equal to half of the buyer's valuation. 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 to the second-highest bid.
For example, if a stock price has a bid price of $100 and an ask price of $100.05, the bid-ask spread would be $0.05. The spread can also be expressed as a percentage of the ask price, which in ...
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]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Consistently-formatted table for presenting information about books Template parameters [Edit template data] This template has custom formatting. Parameter Description Type Status Name name Book title Default Pagename String optional Image image Image (prefer 1st edition where permitted). Use bare filename. File suggested Author author authors Author(s) of the book (should be link to their ...