• Thumbnail for Knapsack auction
    A knapsack auction is an auction in which several identical items are sold, and there are several bidders with different valuations interested in different...
    5 KB (719 words) - 16:06, 29 October 2023
  • Thumbnail for Knapsack problem
    The knapsack problem is the following problem in combinatorial optimization: Given a set of items, each with a weight and a value, determine which items...
    48 KB (7,661 words) - 04:51, 13 May 2024
  • Thumbnail for Auction
    An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest...
    110 KB (13,472 words) - 14:12, 12 May 2024
  • Thumbnail for Vickrey auction
    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...
    13 KB (2,200 words) - 02:10, 22 February 2024
  • Thumbnail for Reverse auction
    A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller...
    27 KB (3,554 words) - 20:18, 13 April 2024
  • Thumbnail for Auction theory
    Auction theory is an applied branch of economics which deals with how bidders act in auctions and researches how the features of auctions incentivise...
    39 KB (5,373 words) - 20:27, 1 May 2024
  • Thumbnail for Dutch auction
    A Dutch auction is one of several similar types of auctions for buying or selling goods. Most commonly, it means an auction in which the auctioneer begins...
    24 KB (3,117 words) - 12:44, 15 May 2024
  • Thumbnail for First-price sealed-bid auction
    first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. In this type of auction, all bidders simultaneously...
    11 KB (1,663 words) - 11:33, 13 April 2024
  • Thumbnail for Online auction
    An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected...
    19 KB (2,250 words) - 22:13, 26 February 2024
  • Thumbnail for English auction
    An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. The auctioneer opens the auction by announcing a suggested opening...
    9 KB (1,173 words) - 15:01, 28 March 2024
  • Thumbnail for Virginity auction
    A virginity auction is an auction, often publicized online, where a person seeks to sell their virginity. The winning bidder will win the right to be...
    25 KB (2,713 words) - 11:24, 4 March 2024
  • Thumbnail for Aalsmeer Flower Auction
    Aalsmeer Flower Auction (Bloemenveiling Aalsmeer) is a flower auction that takes place in Aalsmeer, Netherlands. It is the largest flower auction in the world...
    4 KB (309 words) - 21:30, 29 May 2023
  • Thumbnail for Chinese auction
    Chinese auction is a derogatory term for a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's...
    3 KB (254 words) - 12:37, 2 May 2024
  • Thumbnail for No-reserve auction
    A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. From the seller's...
    3 KB (306 words) - 21:18, 30 May 2023
  • Thumbnail for Calcutta auction
    A Calcutta auction is an open auction held in conjunction with a golf tournament, horse race or similar contest with multiple entrants. It is popular in...
    4 KB (582 words) - 14:29, 17 February 2024
  • Thumbnail for Generalized second-price auction
    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...
    10 KB (1,539 words) - 10:06, 7 August 2023
  • Thumbnail for Foreclosure
    conduct a public auction in a manner similar to the sheriff's auction. Notably, the lender itself can bid for the property at the auction, and is the only...
    62 KB (8,375 words) - 20:15, 2 March 2024
  • Thumbnail for Penny auction (foreclosure)
    A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent...
    2 KB (176 words) - 18:48, 27 September 2023
  • Thumbnail for Government auction
    A government auction or a public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by...
    10 KB (1,031 words) - 22:34, 22 December 2023
  • Thumbnail for Auction sniping
    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...
    14 KB (1,815 words) - 14:13, 31 October 2022
  • Thumbnail for Spectrum auction
    A spectrum auction is a process whereby a government uses an auction system to sell the rights to transmit signals over specific bands of the electromagnetic...
    46 KB (5,660 words) - 16:17, 24 April 2024
  • Thumbnail for Art auction
    An art auction or fine art auction is the sale of art works, in most cases in an auction house. In England this dates from the latter part of the 17th...
    27 KB (3,120 words) - 19:14, 2 December 2023
  • Thumbnail for Walrasian auction
    A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible...
    4 KB (511 words) - 13:05, 14 October 2023
  • Thumbnail for Candle auction
    A candle auction, or auction by the candle, is a variation on the typical English auction that became popular in the 17th and 18th centuries. In a candle...
    4 KB (520 words) - 18:30, 19 April 2024
  • Thumbnail for Auto auction
    Auto auctions are a method of selling vehicles based on an auction system. Auto auctions can be found in most countries and are usually exclusive to licensed...
    19 KB (2,308 words) - 05:49, 7 October 2023
  • Thumbnail for Vickrey–Clarke–Groves auction
    A Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items. Bidders submit bids that report their valuations for the items...
    14 KB (2,628 words) - 06:12, 16 April 2024
  • Thumbnail for Common value auction
    In common value auctions the value of the item for sale is identical amongst bidders, but bidders have different information about the item's value. This...
    12 KB (2,167 words) - 20:55, 26 October 2022
  • Thumbnail for Multiunit auction
    multiunit auction is an auction in which several homogeneous items are sold. The units can be sold each at the same price (a uniform price auction) or at...
    7 KB (818 words) - 05:22, 9 August 2023
  • Thumbnail for Deferred-acceptance auction
    performance of deferred-acceptance auctions was analyzed by Dütting et al. in 2014. They focused on knapsack auctions and on auctions for single-minded bidders...
    4 KB (600 words) - 10:30, 10 May 2024
  • Thumbnail for Japanese auction
    A Japanese auction (also called ascending clock auction) is a dynamic auction format. It proceeds in the following way. An initial price is displayed....
    5 KB (790 words) - 02:01, 3 December 2021