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A "responsible bidder" is one who is qualified or capable of meeting the requirements set out by the government in its bid solicitation or RFP. [38] Kate Manuel notes that the concept of responsibility on the part of a bidder "has been the federal government’s policy since its earliest days".
In fact, we can use revenue equivalence to prove that many types of auctions are revenue equivalent. For example, the first price auction, second price auction, and the all-pay auction are all revenue equivalent when the bidders are symmetric (that is, their valuations are independent and identically distributed).
Rational pricing is the assumption in financial economics that asset prices – and hence asset pricing models – will reflect the arbitrage-free price of the asset as any deviation from this price will be "arbitraged away". This assumption is useful in pricing fixed income securities, particularly bonds, and is fundamental to the pricing of ...
A mini-tender offer is an offer to acquire a company's shares directly from current investors in an amount less than 5% of issued stock.In the United States, the advantage is that it does not required all the disclosures required for larger tender offers and the relevant filings with the U.S. Securities and Exchange Commission though they remain subject to the anti-fraud provisions.
Penny Pricing: In early February 2007, the options industry started switching its minimum price increment from $0.05 to $0.01 . Because options prices are automatically updated as soon as the underlying stock price changes, the potential existed to update at five times as many price points. [3]
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]
For simplicity we look for SBNE in which each bidder bids times his/her signal: Xenia bids and Yakov bids . We try to find the value of r {\displaystyle r} in each case. In a sealed-bid second-price auction , there is a SBNE with r = 1 {\displaystyle r=1} , i.e., each bidder bids exactly his/her signal.
Procurement as an organizational process is intended to ensure that the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. [3]