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2. 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]

3. Vickrey auction - Wikipedia

   en.wikipedia.org/wiki/Vickrey_auction

   t. e. A Vickrey auction or sealed-bid second-price auction ( SBSPA) is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar to an English auction and gives bidders ...

4. Auction sniping - Wikipedia

   en.wikipedia.org/wiki/Auction_sniping

   Auctions. Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper. This can be done either manually or by software ...

5. Dutch auction - Wikipedia

   en.wikipedia.org/wiki/Dutch_auction

   A Dutch auction initially offers an item at a price in excess of the amount the seller expects to receive. The price lowers in steps until a bidder accepts the current price. That bidder wins the auction and pays that price for the item. For example, a business might auction a used company car at a starting bid of €15,000.

6. Glossary of contract bridge terms - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_contract...

   Free bid A bid that is made when a pass would still allow partner to make a bid. Normally used of a bid that is made after partner has opened the bidding and RHO has overcalled. Compare with Negative free bid. Free finesse A position in which a player leads up to an opponent's tenace, solving that opponent's possible guess. The term is normally ...

7. Posting system (KBO) - Wikipedia

   en.wikipedia.org/wiki/Posting_system_(KBO)

   Under this system, when a KBO player is "posted," MLB holds a four-day-long silent auction during which MLB teams can submit sealed bids in an attempt to win the exclusive rights to negotiate with the player for a period of 30 days. If the KBO team accepts the winning bid, then the player is free to negotiate with the highest-bidding MLB team.