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A Dutch auction is one of several similar types of auctions for buying or selling goods. [1] [2] [3] Most commonly, it means an auction in which the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price, or it reaches a predetermined reserve price.
Auction theory is a branch of applied economics that deals with how bidders act in auctions and researches how the features of auctions incentivise predictable outcomes. Auction theory is a tool used to inform the design of real-world auctions. Sellers use auction theory to raise higher revenues while allowing buyers to procure at a lower cost.
In a traditional auction, the seller offers an item for sale. Potential buyers are then free to bid on the item until the time period expires. The buyer with the highest offer wins the right to purchase the item for the price determined at the end of the auction. A reverse auction is different in that a single buyer offers a contract out for ...
Download as PDF; Printable version; ... Auction theory (2 C, 19 P) ... out of 3 total. This list may not reflect recent changes. Auction * Template:Auction; H.
A 22-year-old entrepreneur aims to sell high-end items at the lowest possible price. Is this the foolishness of youth or the next big thing on the Web? Elliot Moskow hopes you'll think it's the ...
Print/export Download as PDF; Printable version; In other projects ... Pages in category "Dutch auction houses" The following 2 pages are in this category, out of 2 ...
The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by the second-highest bidder, the second-highest pays the price bid by the third-highest, and so on.
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