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2. Vickrey auction - Wikipedia

   en.wikipedia.org/wiki/Vickrey_auction

   t. e. 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 ...

3. 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.

4. Vickrey–Clarke–Groves auction - Wikipedia

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

   Auctions. 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]

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. Auction - Wikipedia

   en.wikipedia.org/wiki/Auction

   An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with ...

7. Shohei Ohtani's historic 50th home run ball to be sold at ...

   www.aol.com/sports/shohei-ohtanis-historic-50th...

   The ball that soared into the left-field stands at loanDepot Park in Miami to make Shohei Ohtani the sole member of MLB's 50-50 club is going up for auction this week. Goldin, an auction house ...