Surf Wiki
Save to docs
general/types-of-auction

From Surf Wiki (app.surf) — the open knowledge base

Forward auction

Auction with one seller and many potential buyers

Forward auction
Summary

Auction with one seller and many potential buyers

Forward auction are auctions, which can be used by sellers to sell their items to many potential buyers. Sellers and buyers can be individuals, organizations etc.

Items are commonly placed at an online auction site. Buyers can continuously bid for the items they are interested in. Eventually the highest bidder wins the item.

Two types of forward auctions are common. The first is a liquidate auction. Here buyers seek to obtain the lowest price for an item they are interested in. The second type is a marketing efficiency auction. Buyers wish to obtain a unique item.

References

References

  1. (2006). "Information Technology Management: Transforming organizations in the digital economy". John Wiley and Sons, Inc..
  2. (2008). "2008 Ninth ACIS International Conference on Software Engineering, Artificial Intelligence, Networking, and Parallel/Distributed Computing".
  3. (2003). "Proceedings of the 4th ACM conference on Electronic commerce".
  4. (2019). "General Game Playing B-to-B Price Negotiations". CEUR Workshop Proceedings.
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

types-of-auction
Want to explore this topic further?

Ask Mako anything about Forward auction — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report