An auction where the auctioneer starts with a low price and keeps taking higher bids until there are no more bids, selling the item to the highest bidder.
An overview of auctions, their types, and how prices are determined through bidding mechanisms.
A comprehensive overview of the role of an auctioneer in managing the bidding process.
An overview and economic analysis of the Dutch auction, an auction format starting with a high price that decreases until a buyer accepts or a minimum reserve is reached.
