zmVault/auction-theory.md

id, aliases, title, tags, dg-publish

id	aliases	title	tags	dg-publish
		Auction Theory	authorship/original destiny/permanent status/incomplete topic/strategy type/encyclopedia-entry	true

Auction Theory

Auction theory is a subset of game-theory

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Reverse Auction

In a reverse auction, bidders compete for the right to sell a product or service.

Sealed-Bid Auction

Opposite of a conventional "open" auction, in a sealed-bid auction, bid prices are hidden from the bidders.

uncertainty#Information

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