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2. Auction - Wikipedia

   en.wikipedia.org/wiki/Auction

   The silent auction is a variant of the English auction in which bids are written on a sheet of paper. ... The minimum bid differs from a reserve price (see definition ...

3. Auction sniping - Wikipedia

   en.wikipedia.org/wiki/Auction_sniping

   However, if the minimum bid increment is very low, the sorites paradox can come into play, and make it difficult for a person to establish a single maximum bid. [9] For example, if the minimum bid increment on an auction is 10 cents, it can be difficult or impossible for a person to identify a price which they would be willing to pay to win the ...

4. 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 ...

5. English auction - Wikipedia

   en.wikipedia.org/wiki/English_auction

   An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. The auctioneer opens the auction by announcing a suggested opening bid, a starting price, or a reserve for the item on sale. Then the auctioneer accepts increasingly higher bids from the floor and sometimes from other sources, for example online or telephone ...

6. 2013 Hockey India League players' auction - Wikipedia

   en.wikipedia.org/wiki/2013_Hockey_India_League...

   The franchise owners made silent bids for each of the five marquee players before the actual auction begun. Hockey India then revealed which marquee player will lead which franchise based on the maximum bids by all the owners. Each team's marquee player got a contract worth at least 115 per cent of the highest successful bid for a player of ...

7. 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]

8. Price mechanism - Wikipedia

   en.wikipedia.org/wiki/Price_mechanism

   An auction is a price mechanism where bidders can make competing offers for a good. The minimum bid may or may not be set by the seller, who may choose to predetermine a minimum asking price. The highest bidder would be awarded the transaction.

9. Single-price auction - Wikipedia

   en.wikipedia.org/wiki/Single-price_auction

   Competitive bids are limited to 35% of the amount of offering per auction, with a minimum of $100 a bid. [5] Each participant has the right to submit one or more competitive bids, as they have to specify a minimum yield at which the bidder is prepared to buy a specified quantity of notes or the lowest discount rate at which the bidder is ready ...