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  2. 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 ...

  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. Auction - Wikipedia

    en.wikipedia.org/wiki/Auction

    The open ascending price auction is arguably the most common form of auction and has been used throughout history. [1] Participants bid openly against one another, with each subsequent bid being higher than the previous bid. [2] An auctioneer may announce prices, while bidders submit bids vocally or electronically. [2]

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  6. 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.

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  9. Single-price auction - Wikipedia

    en.wikipedia.org/wiki/Single-price_auction

    Single-price auctions are a pricing method in securities auctions that give all purchasers of an issue the same purchase price. They can be perceived as modified Dutch auctions . This method has been used since 1992 when it debuted as an experiment of the U.S. Treasury for all auctions of 2-year and 5-year notes.

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