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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. 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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6. 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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8. Food swap - Wikipedia

   en.wikipedia.org/wiki/Food_swap

   Attendees bring items that they wish to swap and then bid for each other's produce, either verbally or on cards in the form of a silent auction, until suitable swaps are negotiated. Often attendees bring extra items either as free samples or as contributions to a potluck lunch or tea, so that there is more time to get to know each other ...

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