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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]
Tyson's stock dipped by $1 or so per share, to just over $36, on the first trading day after the Hillshire auction results were announced. In turn, Hillshire stock saw a similar price dip when it ...
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.
Another special case of a combinatorial auction is the combinatorial clock auction (CCA), which combines a clock auction, during which bidders may provide their confirmations in response to the rising prices, with a subsequantial sealed bid auction, in which bidders submit sealed package bids. The auctioneer uses the final bids to compute the ...
A drawn-out bidding war for one of the entertainment industry's most coveted assets will be decided by a sealed bids auction, unless there is a best-and-final offer by the end of the week.
In 1989, a couple from Long Island, New York, plunked down $100 on what might be history's greatest blind auction gamble. Without knowing what was inside, the duo bought the contents of an ...
In an auction, bid shading is the practice of a bidder placing a bid that is below what they believe a bid is worth. [1] [2] Bid shading is used for one of two purposes. In a common value auction with incomplete information, bid shading is used to compensate for the winner's curse. In such auctions, the good is worth the same amount to all ...
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related to: blind auction fpsbahibid.com has been visited by 100K+ users in the past month