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English auction - Wikipedia, the free encyclopedia
An English auction is a type of auction, whose most typical form<sup class="noprint Inline-Template" title="The text in the vicinity of this tag needs clarification or removal of jargon{{#if:March 2...
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Auction - Wikipedia, the free encyclopedia
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The English auction is often depicted in movies and TV commercials and written about in epic novels: someone bids; someone else bids more; and so on until no one is willing to bid higher. When everyone is silent, the object is sold.
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Newletter No. 23: Deutsch English Français Japanese ... Auktionen Köln, ebayliveauctions, ebay live auction, ebay- live-auction, Versteigerungen, Versteigerung, Auktionshaus Online, ebay live auktion, auction, auction, auction antiques,
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English auctions at game theory .net ... While the highest bidder pays the amount bid, an English auction is termed second-price since the winning bidder need only outbid the next highest bidder by the minimum increment. Thus the winner, effectively, pays an amount equal to (slightly higher than) the second highest bid.
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In the FIPA English Auction Interaction Protocol (IP), the auctioneer seeks to find the market price of a good by initially proposing a price below that of the supposed market value and then gradually raising the price.
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Unconstrained English Auctions: In this type of auction, bids slowly increase, but at a speed set entirely by the bidders. Players may make minimalistic increases or else may make large jump bids to try and quickly end an auction and stun opponents into submission.
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