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Subject:	Re: The four types of markets (was Re: Reverse (buyer's) auction for train windows and other parts
Newsgroups:	lugnet.market.auction
Followup-To:	lugnet.market.theory
Date:	Wed, 4 Aug 1999 20:21:28 GMT
Viewed:	766 times

As eBay uses Dutch auction, the price still increases; your bid for X dollars covers fewer and fewer units as the per-unit bids increase. I think I have seen the price-descending auction termed a "Yankee Auction" at some computer auction sites. further thoughts to .theory ?? Paul Sinasohn

Message has 1 Reply:

		Re: The four types of markets (was Re: Reverse (buyer's) auction for train windows and other parts
(...) Not quite, in eBays dutch auction, you specify a quantity and bid. Your bid is what you are willing to pay PER item. For instance, if there are 25 widgets up for auction, and you bid $4 for quantity ten, your maximum bid is $40. If there were (...) (25 years ago, 5-Aug-99, to lugnet.market.theory)

Message is in Reply To:

		The four types of markets (was Re: Reverse (buyer's) auction for train windows and other parts
Well, I have to say that your use of the term "reverse auction" is a bit confusing. Normally, "reverse auction" refers to Dutch or descending-price auctions in which all bids come from buyers (and the bid falls over time), not auctions in which (...) (25 years ago, 4-Aug-99, to lugnet.market.auction)

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