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In a lowest unique bid auction, the bidder who submitted the single bid of $0.06 would win the auction, and would be eligible to purchase the product or service for $0.06, because their bid was the lowest unique bid. In a highest unique bid auction, the bidder who submitted a bid of $0.09 would win the auction.
The winner selection in most auctions selects the best bid. Unique bid auctions offer a special winner selection: [78] the winner is the bidder with the lowest unique bid. The Chinese auction selects a winner partially based on randomness. [68] The final price for the selected winner is not always conducted according to their final bid.
Text adventure: DOS Apogee Software: Super Fighter: 1993 2001 [93] Fighting DOS C&E, Inc. Released as freeware by current copyright holder Super Fighter Team. Super ZZT: 1992 Adventure DOS Epic MegaGames: S.W.I.N.E. 2001 2005 Real-time tactics game DOS StormRegion Released as S.W.I.N.E. Free Christmas Edition. Teen Agent: 1995 Graphic adventure ...
However, online auction sites, unlike live auctions, usually have an automatic bidding system which allows a bidder to enter their maximum acceptable bid. This is a hidden or proxy bid, known to the system, but not any other bidders; during the auction the actual bid is incremented only enough to beat the existing highest bid. For example, if ...
In a traditional auction, the seller offers an item for sale. Potential buyers are then free to bid on the item until the time period expires. The buyer with the highest offer wins the right to purchase the item for the price determined at the end of the auction. A reverse auction is different in that a single buyer offers a contract out for ...
Unique bidding: In this case, bidders place bids that are global unique bids which means that for the bid to be eligible, no other person can place the bid in this amount and the biddings are usually secret. There are two variants of this type of bidding : highest unique bidding and lowest unique bidding. Dynamic bidding: This is a type of ...
Auction software is application software, that can either be deployed on a desktop, on a web server [1] [2] or as a smart contract [3] on a blockchain virtual machine. This software is used by auctioneers and participants of online auctions such as eBay. Smart contracts replace an auctioneer's server, if the auctioneer is not trusted. [4]
Auctiva is an eBay auction management system. It was founded in 1998. It was founded in 1998. One of the original members of the eBay Developer Council, Auctiva has provided sellers and merchants with tools designed to help increase their sales volume on eBay.