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Cost Accounting Standards (popularly known as CAS) are a set of 19 standards and rules promulgated by the United States Government for use in determining costs on negotiated procurements. CAS differs from the Federal Acquisition Regulation (FAR) in that FAR applies to substantially all contractors, whereas CAS applied primarily to the larger ones.
A bid price is the highest price that a buyer (i.e., bidder) is willing to pay for some goods. It is usually referred to simply as the "bid". In bid and ask, the bid price stands in contrast to the ask price or "offer", and the difference between the two is called the bid–ask spread. An unsolicited bid or purchase offer is when a person or ...
If someone else has placed a bid that is higher than the maximum bid, the will be notified, allowing he to change the maximum bid and stay in the auction. At the end of the auction, whoever's maximum bid is the most wins the lot. Live bidding is a traditional room-based auction.
Because of this, active traders in particular may want to pay attention to the bid-ask spread. For example, if a stock price has a bid price of $100 and an ask price of $100.05, the bid-ask spread ...
The top left of the image represents the current BID price ($151.07) and the top right of the image represents the current ASK price ($151.08). At the $151.07 bid price point, there are 300 shares available (200 by the ARCA Market Maker and 100 by the DRCTEDGE). At the $151.08 ask price point, there are 3900 shares available (2800 by the ARCA ...
When an auction's time period expires, the highest bidder wins the item and must pay a final bid price. [66] Unlike in a conventional auction, the final price is typically much lower than the value of the item, but all bidders (not just the winner) will have paid for each bid placed; the winner will buy the item at a very low price (plus price ...
The following example is based on Acemoglu and Özdağlar. [3]: 44–46 There are two bidders participating in a first-price sealed-bid auction for an object that has either high quality (value V) or low quality (value 0) to both of them. Each bidder receives a signal that can be either high or low, with probability 1/2.
Suppose that a buyer has value v and bids b. His opponent bids according to the equilibrium bidding strategy. The support of the opponent's bid distribution is [0,B(1)]. Thus any bid of at least B(1) wins with probability 1. Therefore, the best bid b lies in the interval [0,B(1)] and so we can write this bid as b = B(x) where x lies in [0,1].