Economics Dictionary of ArgumentsHome![]() | |||
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Auctions - Economics Dictionary of Arguments | |||
Auctions: Auctions are public sales where goods or services are offered to the highest bidder. Various types exist, like ascending (English), descending (Dutch), or sealed-bid formats. Auctions are used in diverse industries, from art and real estate to online marketplaces, facilitating efficient price discovery and allocation of items. See also Markets, Price, Allocation._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Holt, Charles A. | Auctions | Holt, Charles A. | |
Ed. Martin Schulz, access date 2025-02-18 |