Thursday 22 March 2012

Auction Types

English Reverse Auction - This sales term describes an auction with one buyer and multiple sellers whereby the bidders offer decreasing prices to sell an item

Dutch Reverse Auction - This sales term describes an auction with one buyer and multiple sellers whereby the auctioneer raises the price from a low starting point until a bidder agrees to sell at that price

Japanese Reverse Auction - This sales term refers to an auction with one buyer and multiple sellers whereby the auctioneer reduces the price from a high starting point and sellers are forced to bid at each price to remain in the auction.

Sealed Bid Reverse Auction

Sealed Bid Reverse Auction with Schedules

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