(redirected from Sealed bid auction)
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References in periodicals archive ?
The third kind is the first-price sealed bid auction, which is essentially the same as the Dutch auction - here each potential buyer submits a sealed bid independently.
The works are now on show in the gallery and will be sold off to the highest bidder , with the sealed bid auction running until September 16.
Es tate agent Jonatha n Payne, who held the sealed bid auction, said: "I cannot remember one going for more money.
In particular, she suggests that the sealed bid auction is far less susceptible to tacit collusion than the ascending auction.
In May, Pegasus ceased operations after unsuccessful fundraising efforts and went into a sealed bid auction process for its assets.
C[pounds sterling]We were doubly delighted last week to be the first successful developer at the sealed bid auction for the Canal District at Waterfront and to secure one of only two plots which will become five star resorts in this area," Behnam Eshragh, chairman and CEO of Cirrus Developments, commented.
second-price sealed bid auction, the process is just like a first-price
A modification of the sealed bid auction was developed by Vickrey, who observed that the outcome of an English auction be obtained in a sealed bid auction when the winner is awarded the underlying for the price of the second highest/lowest bid.
Details about the lyrics, the international preview tour and the sealed bid auction process are available online at bonhams .com/adayinthelife
Matthew Evans, whose painting, Amy's Sunset, was chosen by visitors as the favourite picture in Huddersfield Art Society's annual exhibition, will be giving a painting demonstration and the resulting picture will be sold by sealed bid auction.
The bidding process in public procurement in Sweden is a first-price sealed bid auction. Although there is a competitive effect on the bids in this type of auction, the contracting entity can, through the choice of procurement procedure, restrict the number of bidders.
For the uniform price sealed bid auction in an independent private value environment, each bidder privately submits a bid.