Auction
From The Art and Popular Culture Encyclopedia
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An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
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See also
- Types of auction:
- Other topics:
- Tendering
- Auction school
- Auction theory
- Auction chant
- Auction Network
- Auction sniping
- Dollar auction
- Foreclosure
- Game theory
- Online auction
- Online auction tools
- Online auction business model
- Monopoly (game),a game in which auction is sometimes used
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Auction" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
