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  2. Vickrey auction - Wikipedia

    en.wikipedia.org/wiki/Vickrey_auction

    The uniform-price auction does not, however, result in bidders bidding their true valuations as they do in a second-price auction unless each bidder has demand for only a single unit. A generalization of the Vickrey auction that maintains the incentive to bid truthfully is known as the Vickrey–Clarke–Groves (VCG) mechanism.

  3. 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]

  4. Vickrey–Clarke–Groves auction - Wikipedia

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

    The auction is named after William Vickrey, [2] Edward H. Clarke, [3] and Theodore Groves [4] for their papers that successively generalized the idea. The VCG auction is a specific use of the more general VCG mechanism. While the VCG auction tries to make a socially optimal allocation of items, VCG mechanisms allow for the selection of a ...

  5. Charitybuzz - Wikipedia

    en.wikipedia.org/wiki/Charitybuzz

    Charitybuzz is an internet company that sells and auctions off access to experiences and items to raise funds for nonprofit organizations.Charitybuzz experiences include music, entertainment, business, politics, sports, art, fashion and other industries.

  6. 'Raise a Hand' community auction raises $25,000 for area non ...

    www.aol.com/raise-hand-community-auction-raises...

    In addition to the auction, ... 'Raise a Hand' community auction raises $25,000 for area non-profits ... the Kent Rotary Foundation has awarded more than $900,000 in grants to local non-profit ...

  7. 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 ...

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