Auctions can be classified as one of two types:
There are also many different methods for auctioning items:
The winner's curse means that the winner of an auction will frequently have bid too much for the auctioned item: you win, you lose money, and you curse.
A Dutch auction share repurchase is when a company agrees to buy back a fixed amount of its outstanding shares within a certain price range. Offers come in from investors who specify the price within the given range at which they'll sell their shares. The company then buys back the shares of those who bid the lowest first and continues on up the line until they have bought back the amount that they said they would.
The U. S. Treasury security auctions are conducted using the single-price auction method. All successful competitive bidders and all noncompetitive bidders are awarded securities at the price equivalent to the highest rate or yield of accepted competitive tenders.
A. English auction
Note that the English auction is NOT a sealed-bid auction.
A. English auction
The U.S. Treasury uses a Dutch auction variation to sell U.S. Treasury securities.
A. the average of all competitive bidders'
I. private value option
A. I and II
The categorization depends on whether the value of the item being sold is the same to each bidder or is unique to each bidder.
A. English auction
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