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  2. Auction sniping - Wikipedia

    en.wikipedia.org/wiki/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 may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.

  3. First-price sealed-bid auction - Wikipedia

    en.wikipedia.org/wiki/First-price_sealed-bid_auction

    A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]

  4. Generalized second-price auction - Wikipedia

    en.wikipedia.org/wiki/Generalized_second-price...

    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 first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by the second-highest bidder, the second-highest pays the price bid by the third-highest, and so on.

  5. What new Realtor ruling means for Columbus home buyers, sellers

    www.aol.com/realtor-ruling-means-columbus-home...

    The agreement is likely to spell an end to the traditional practice of home sellers paying commissions for both the seller's and the buyer's real-estate agents. In central Ohio, the commission is ...

  6. Auction theory - Wikipedia

    en.wikipedia.org/wiki/Auction_theory

    Auction theory is a branch of applied economics that deals with how bidders act in auctions and researches how the features of auctions incentivise predictable outcomes. Auction theory is a tool used to inform the design of real-world auctions. Sellers use auction theory to raise higher revenues while allowing buyers to procure at a lower cost.

  7. Florida lawyer writes rules to win condo auctions for $100 ...

    www.aol.com/florida-lawyer-writes-rules-win...

    On-site auctions: Instead of holding foreclosure auctions online, as is typical in Florida now, Schandler gets judges to let him hold auctions at the property. In the cases reviewed by the Herald ...