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2. Vickrey auction - Wikipedia

   en.wikipedia.org/wiki/Vickrey_auction

   The terms Vickrey auction and second-price sealed-bid auction are, in this case only, equivalent and used interchangeably. In the case of multiple identical goods, the bidders submit inverse demand curves and pay the opportunity cost. [4] Vickrey auctions are much studied in economic literature but uncommon in practice.

3. Common value auction - Wikipedia

   en.wikipedia.org/wiki/Common_value_auction

   In a sealed-bid second-price auction, there is a SBNE with =, i.e., each bidder bids exactly his/her signal. PROOF: The proof takes the point-of-view of Xenia. We assume that she knows that Yakov bids r Y {\displaystyle rY} , but she does not know Y {\displaystyle Y} .

4. 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]

5. Vickrey–Clarke–Groves auction - Wikipedia

   en.wikipedia.org/wiki/Vickrey–Clarke–Groves...

   A Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items. Bidders submit bids that report their valuations for the items, without knowing the bids of the other bidders. The auction system assigns the items in a socially optimal manner: it charges each individual the harm they cause to other bidders. [1]

6. Revenue equivalence - Wikipedia

   en.wikipedia.org/wiki/Revenue_equivalence

   Suppose that a buyer has value v and bids b. His opponent bids according to the equilibrium bidding strategy. The support of the opponent's bid distribution is [0,B(1)]. Thus any bid of at least B(1) wins with probability 1. Therefore, the best bid b lies in the interval [0,B(1)] and so we can write this bid as b = B(x) where x lies in [0,1].

7. Auction sniping - Wikipedia

   en.wikipedia.org/wiki/Auction_sniping

   However, online auction sites, unlike live auctions, usually have an automatic bidding system which allows a bidder to enter their maximum acceptable bid. This is a hidden or proxy bid, known to the system, but not any other bidders; during the auction the actual bid is incremented only enough to beat the existing highest bid. For example, if ...

8. The 20-Minute Dinner I Make When I’m Too Tired to Cook - AOL

   www.aol.com/20-minute-dinner-m-too-233200893.html

   How to Make My 20-Minute Tomato Orzo Soup. To make four to five servings, you’ll need: 2 tablespoons extra-virgin olive oil. 3 cups fresh or frozen mirepoix (about 1 pound)

9. Auction theory - Wikipedia

   en.wikipedia.org/wiki/Auction_theory

   Open ascending-bid auctions (English auctions) are the oldest, and possibly most common, type of auction in which participants make increasingly higher bids, each stopping bidding when they are not prepared to pay more than the current highest bid. This continues until no participant is prepared to make a higher bid; the highest bidder wins the ...