Common value auction — A common value auction is a term in economics used to describe an environment in which information about the value of the object for sale is dispersed among bidders. The term is used in different ways by different people. By one definition it… … Wikipedia
Auction — Auctioneer redirects here. For the DC Comics supervillain, see Auctioneer (comics). An auctioneer and her assistants scan the crowd for bidders. An auction is a process of buying and selling goods or services by offering them up for bid, taking… … Wikipedia
Auction theory — is an applied branch of game theory which deals with how people act in auction markets and researches the game theoretic properties of auction markets. There are many possible designs (or sets of rules) for an auction and typical issues studied… … Wikipedia
value — {{Roman}}I.{{/Roman}} noun 1 amount of money that sth is worth ADJECTIVE ▪ high, low ▪ the high value of the pound ▪ full, total ▪ real … Collocations dictionary
Common knowledge (logic) — For common knowledge in general, see Common knowledge. Common knowledge is a special kind of knowledge for a group of agents. There is common knowledge of p in a group of agents G when all the agents in G know p, they all know that they know p,… … Wikipedia
Unique bid auction — A unique bid auction is a type of strategy game related to traditional auctions where the winner is usually the individual with the lowest unique bid, although less commonly the auction rules may specify that the highest unique bid is the winner … Wikipedia
Vickrey auction — A Vickrey auction is a type of sealed bid auction, where bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second highest bid. The auction was created by… … Wikipedia
Par value — Par value, in finance and accounting, means stated value or face value. From this comes the expressions at par (at the par value), over par (over par value) and under par (under par value). The term par value has several meanings depending on… … Wikipedia
Mock auction — A Mock auction is a scam usually operated in a street market, disposal sale or similar environment, where cheap and low quality goods are sold at high prices by a team of confidence tricksters. In 19th Century New York, mock auctions revolved… … Wikipedia
Market value — For values of entire markets, see Market size. Market value is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value, although… … Wikipedia
Newtown Common — Coordinates: 51°21′57″N 1°19′35″W / 51.365886°N 1.3263396°W / 51.365886; 1.3263396 … Wikipedia