This is a type of auction where bidders all simultaneously submit one single bid, without any knowledge of what other participants have bid. The highest bidder pays whatever amount they have bid.
Auction Types
- Ascending/Descending Auctions
- First/Second Price Auctions
- Multi-Unit/Single-Unit Auctions
- Open Bid/Sealed Bid Auctions
- Buyout Auctions
- Candle Auctions
- Chinese Auctions
- Combinatorial Auctions
- Dutch Auctions
- Japanese Auctions
- No Reserve Auctions
- Penny Auctions
- Reserve Auctions
- Reverse Auctions
- Sealed First Price Auctions
- Second Item Auctions
- Silent Auctions
- Traditional Dutch Auctions
- Uniform Price Auctions
- Vickrey Auctions
- All-pay Auctions
