What is online auction?

real-time bidding for online advertising, but rarely in non-automated contexts.[2]

increasing the size of the marketplace dramatically.

Most auction theory revolves around these four "standard" auction types. However, many other types of auctions exist, including:

online auction market, the business-to-consumer

Multiunit auctions sell more than one identical item at the same time, rather than having separate auctions for each. This type can be further classified as either a

uniform price auction or a discriminatory price auction.

Online auctions offer potential benefits to all types of businesses

All-pay auction is an auction in which all bidders must pay their bids regardless of whether they win. The highest bidder wins the item. All-pay auctions are

online auction option offered by SalvageSales has increased

primarily of academic interest, and may be used to model lobbying or bribery (bids are political contributions) or competitions such as a running race.[26]

, but the online auction option offered by SalvageSales

Auction by the candle. A type of auction, used in England for selling ships, in which the highest bid laid on the table by the time a burning candle goes out wins.

online auction-based business is Cashco 1000, Inc., a business

Bidding fee auction, also known as a penny auction, often requires that each participant must pay a fixed price to place each bid, typically one penny (hence the

name) higher than the current bid. When an auction's time expires, the highest bidder wins the item and must pay a final bid price.[27] Unlike in a conventional

when and why they should use online auctions

auction, the final price is typically much lower than the value of the item, but all bidders (not just the winner) will have paid for each bid placed; the winner will buy

online auctions can work for you'¦. Companies of practically

the item at a very low price (plus price of rights-to-bid used), all the losers will have paid, and the seller will typically receive significantly more than the value of the

item.[28]

size and within any industry can benefit from them

Buyout auction is an auction with an additional set price (the 'buyout' price) that any bidder can accept at any time during the auction, thereby immediately ending

the auction and winning the item.[29] If no bidder chooses to utilize the buyout option before the end of bidding the highest bidder wins and pays their bid.[29] Buyout

Internet analysts note that online retailers who incorporate auctions

options can be either temporary or permanent.[29] In a temporary-buyout auction the option to buy out the auction is not available after the first bid is placed.[29] In a