enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. First-price sealed-bid auction - Wikipedia

   en.wikipedia.org/wiki/First-price_sealed-bid_auction

   Auctions. 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.

3. Vickrey auction - Wikipedia

   en.wikipedia.org/wiki/Vickrey_auction

   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 an ...

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. Reverse auction - Wikipedia

   en.wikipedia.org/wiki/Reverse_auction

   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 are reversed. [1] Thus, there is one buyer and many potential sellers. In an ordinary auction also known as a forward auction, buyers compete to obtain goods or services by offering ...

6. Revenue equivalence - Wikipedia

   en.wikipedia.org/wiki/Revenue_equivalence

   We establish revenue equivalence by showing that B (v)=e (v), that is, the equilibrium payment by the winner in one auction is equal to the equilibrium expected payment by the winner in the other. Suppose that a buyer has value v and bids b. His opponent bids according to the equilibrium bidding strategy.

7. Generalized second-price auction - Wikipedia

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

   Ebidding. Private electronic market. Software. v. t. e. 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 ...