Search results
Results from the WOW.Com Content Network
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 may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.
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 ...
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.
Suppose that a buyer's valuation is and the current asking price is . If <, then the buyer loses by raising his hand. If > and the buyer is not the current high bidder, it is more profitable to bid than to let someone else be the winner. Thus it is a dominant strategy for a buyer to drop out of the bidding when the asking price reaches his or ...
The offer is made by the intending buyers in the form of bid. Such an offer (bid), when accepted by the fall of hammer or in some other customary way, will result in a (binding) contract. A contract is a legally binding voluntary agreement formed when one person makes an offer, and the other accepts it.
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]
The Arkansas Supreme Court blocked an abortion-rights initiative from appearing on the state's ballot this fall, upholding a July decision by the secretary of state to reject the measure for not ...
The United States District Court for the Eastern District of Arkansas (in case citations, E.D. Ark.) is a federal court in the Eighth Circuit (except for patent claims and claims against the U.S. government under the Tucker Act, which are appealed to the Federal Circuit).