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Afterwards, bid cards are finalised, and finally, people actually swap their goods with others and clear up the room. [3] If a food swap event last two hours, the timetable may be as follows: During the first 30 minutes people sign-in, set-up, and greetings go on. Swappers fill out name tags and swap sheets and set up their wares on the tables.
Dial-type silent auction was also invented by the Dutch and is a modern form of reduced-price auction. That is to say, the auctioneer first announces the highest price in public, which is displayed on the corresponding scale on the electronic auction clock, and then the bidder presses the button to bid one by one.
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]
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 ...
All-pay. Chinese; Bidding fee; Dollar; Amsterdam; Anglo-Dutch; Barter double; Best/not best; Brazilian; Calcutta; Candle; Click-box bidding; Combinatorial; Common value
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