Auction Types

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August 31, 2024 4 min read Definitions
Sealed-Bid Auction: Confidential Competitive Bidding
Auctions Economics Bidding Strategies Sealed-Bid Auction Auction Types Competitive Bidding Market Mechanisms Confidential Bids
A Sealed-Bid Auction is a type of auction where bidders submit individual confidential bids without knowledge of the other participants' bids, and the highest bid typically wins.
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