This is a type of auction where all bidders are obliged to pay the bids they have submitted whether they win the desired item or not. The item is won by the highest bidder. Penny auctions are a notable variety of all-pay auction.
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
