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Auctions
An auction is usually a process of Trade, buying and selling Good (economics), goods or Service (economics), services by offering them up for Bidding, bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different #Types, types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse #Contexts, contexts. These contexts include antiques, Art auction, paintings, rare collectibles, expensive wine auction, wines, commodity, commodities, l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auction Theory
Auction theory is a branch of applied economics that deals with how bidders act in auctions and researches how the features of auctions Incentivisation, incentivise predictable outcomes. Auction theory is a tool used to inform the design of real-world auctions. Sellers use auction theory to raise higher revenues while allowing buyers to procure at a lower cost. The confluence of the price between the buyer and seller is an economic equilibrium. Auction theorists design rules for auctions to address issues that can lead to market failure. The design of these rulesets encourages optimal bidding strategies in a variety of informational settings. The 2020 Nobel Prize for Economics was awarded to Paul R. Milgrom and Robert B. Wilson "for improvements to auction theory and inventions of new Auction#Types, auction formats." Introduction Auctions facilitate transactions by enforcing a specific set of rules regarding the resource allocations of a group of bidders. Theorists consider auctio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spectrum Auction
A spectrum auction is a process whereby a government uses an auction system to sell the rights to transmit signals over specific bands of the electromagnetic spectrum and to assign scarce spectrum resources. Depending on the specific auction format used, a spectrum auction can last from a single day to several months from the opening bid to the final winning bid. With a well-designed auction, resources are allocated efficiently to the parties that value them the most, the government securing revenue in the process. Spectrum auctions are a step toward market-based spectrum management and privatization of public airwaves, and are a way for governments to allocate scarce resources. Alternatives to auctions include administrative licensing, such as the comparative hearings conducted historically (sometimes referred to as "beauty contests"), or lotteries. Innovation In the past decade, telecommunications has turned into a highly competitive industry where companies are competing to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auto Auction
Auto auctions are a method of selling vehicles based on an auction system. Auto auctions can be found in most countries and are usually exclusive to licensed automobile dealers. In a few countries, such as Japan, auto auctions are well known and used by most residents. Country specific Japan Auto auctions are the most popular method to sell used vehicles in Japan. Most customers are Japanese seeking a cheap vehicle to start with or replace their older vehicle. There are many also trying to sell their vehicles. Individuals though cannot directly use auto auctions, but must go through those holding auction membership. In Japanese law, only dealerships may become members of auto auctions. The system allows people to have access to information, but keeps the auctions orderly with only professionals actually able to bid. A small percentage of the dealers that are members of Japanese auto auctions are also used vehicle exporters that most often use the auto auctions as their p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wine Auction
A wine auction may also auction other alcoholic beverages than wine. There are two basic types of wine auctions: ''first hand wine auctions'', where wineries sell their own wines, and '' second hand wine auctions'', arranged by auction houses or other auctioneers to make it possible for any owners of wine to trade it. In most cases, the wines traded at wine auctions are collectible "fine wines" typically suitable for extended cellaring. Second-hand buyers may be looking for mature wines which are no longer available first-hand. In all types of auction the auctioneer charges commission to both buyers and sellers. First hand auctions First hand wine auctions are usually arranged by wine industry organisations, and fill promotional or charitable purposes, or are used to gauge the market. The wines sold at such auctions are usually special lot wines, or back vintages stored by the producers. An example of such auctions is the annual wine auction held by Hospices de Beaune in Burgundy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Art Auction
An art auction or fine art auction is the sale of art works, in most cases in an auction house. In England this dates from the latter part of the 17th century, when in most cases the names of the auctioneers were suppressed. In June 1693, John Evelyn mentions a "great auction of pictures ('' Lord Melfort's'') in the Banqueting House, Whitehall", and the practice is frequently referred to by other contemporary and later writers. Normally, an auction catalog, that lists the art works to be sold, is written and made available well before the auction date. Some of the best known auction houses are Christie's and Sotheby's. The oldest auction house is Stockholm Auction House (Stockholms Auktionsverk). It was established in Sweden in 1674. History Early days Before the introduction of regular auctions the practice was, as in the case of the famous collection formed by Charles I, to price each object and invite purchasers, just as in other departments of commerce. But this ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emission Trading
Carbon emission trading (also called carbon market, emission trading scheme (ETS) or cap and trade) is a type of emissions trading scheme designed for carbon dioxide (CO2) and other greenhouse gases (GHGs). A form of carbon pricing, its purpose is to limit climate change by creating a market with limited allowances for emissions. Carbon emissions trading is a common method that countries use to attempt to meet their pledges under the Paris Agreement, with schemes operational in China, the European Union, and other countries. Emissions trading sets a quantitative total limit on the emissions produced by all participating emitters, which correspondingly determines the prices of emissions. Under emission trading, a polluter having more emissions than their quota has to purchase the right to emit more from emitters with fewer emissions. This can reduce the competitiveness of fossil fuels, which are the main driver of climate change. Instead, carbon emissions trading may accelerate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auctions In Ancient Greece
Auctions in ancient Greece were events in which goods were sold through an open bidding process. Participants competed by offering higher bids, with the highest bidder ultimately acquiring the goods. Two primary categories of auctions existed: public auctions, which involved the sale of state-owned goods, and private auctions, which involved the sale of goods owned by individuals, with the seller's identity often kept confidential. Items commonly auctioned included land, rights to collect taxes, enslaved individuals, confiscated goods, and inheritances. Private and public auctions There were two types of auctions in Ancient Greece. In a public auction A government auction or a public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government or property which is sold under the authority of a court of law or a governmen ..., goods belonging to the government were sold and the identity of the seller wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Auction
Reverse or reversing may refer to: Arts and media * ''Reverse'' (Eldritch album), 2001 * ''Reverse'' (2009 film), a Polish comedy-drama film * ''Reverse'' (2019 film), an Iranian crime-drama film * ''Reverse'' (Morandi album), 2005 * ''Reverse'' (TV series), a 2017–2018 South Korean television series *"Reverse", a 2014 song by SomeKindaWonderful * REVERSE art gallery, in Brooklyn, NY, US * Reverse tape effects including backmasking, the recording of sound in reverse * '' Reversing: Secrets of Reverse Engineering'', a book by Eldad Eilam *''Tegami Bachi: REVERSE'', the second season of the '' Tegami Bachi'' anime series, 2010 Driving * Reverse gear, in a motor or mechanical transmission * Reversing (vehicle maneuver), reversing the direction of a vehicle * Turning a vehicle through 180 degrees Sports and games * Reverse (American football), a trick play in American football * Reverse swing, a cricket delivery * Reverse (bridge), a type of bid in contract bridge Technology ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vacation
A vacation (American English) or holiday (British English) is either a leave of absence from a regular job or school or an instance of leisure travel away from home. People often take a vacation during specific holiday observances or for specific festivals or celebrations. Vacations are often spent with friends or family. Vacations may include a specific trip or journey, usually for the purpose of recreation or tourism. A person may take a longer break from work, such as a sabbatical, gap year, Holiday entitlement or career break. The concept of taking a vacation is a recent invention, and has developed through the last two centuries. Historically, the idea of travel for recreation was a luxury that only wealthy people could afford (see Grand Tour). In the Puritan culture of early America, taking a break from work for reasons other than weekly observance of the Sabbath was frowned upon. However, the modern concept of vacation was led by a later religious movement encou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
P214
P, or p, is the sixteenth letter of the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''pee'' (pronounced ), plural ''pees''. History The Semitic Pê (mouth), as well as the Greek Π or π ( Pi), and the Etruscan and Latin letters that developed from the former alphabet all symbolized , a voiceless bilabial plosive. Use in writing systems English In English orthography, represents the sound . A common digraph in English is , which represents the sound , and can be used to transliterate ''phi'' in loanwords from Greek. In German, the digraph is common, representing a labial affricate . Most English words beginning with are of foreign origin, primarily French, Latin and Greek; these languages preserve the Proto-Indo-European initial *p. Native English cognates of such words often start with , since English is a Germanic language and thus has undergone Grimm' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rome
Rome (Italian language, Italian and , ) is the capital city and most populated (municipality) of Italy. It is also the administrative centre of the Lazio Regions of Italy, region and of the Metropolitan City of Rome. A special named with 2,746,984 residents in , Rome is the list of cities in the European Union by population within city limits, third most populous city in the European Union by population within city limits. The Metropolitan City of Rome Capital, with a population of 4,223,885 residents, is the most populous metropolitan cities of Italy, metropolitan city in Italy. Rome metropolitan area, Its metropolitan area is the third-most populous within Italy. Rome is located in the central-western portion of the Italian Peninsula, within Lazio (Latium), along the shores of the Tiber Valley. Vatican City (the smallest country in the world and headquarters of the worldwide Catholic Church under the governance of the Holy See) is an independent country inside the city boun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herodotus
Herodotus (; BC) was a Greek historian and geographer from the Greek city of Halicarnassus (now Bodrum, Turkey), under Persian control in the 5th century BC, and a later citizen of Thurii in modern Calabria, Italy. He wrote the '' Histories'', a detailed account of the Greco-Persian Wars, among other subjects such as the rise of the Achaemenid dynasty of Cyrus. He has been described as " The Father of History", a title conferred on him by the ancient Roman orator Cicero, and the " Father of Lies" by others. The ''Histories'' primarily cover the lives of prominent kings and famous battles such as Marathon, Thermopylae, Artemisium, Salamis, Plataea, and Mycale. His work deviates from the main topics to provide a cultural, ethnographical, geographical, and historiographical background that forms an essential part of the narrative and provides readers with a wellspring of additional information. Herodotus was criticized in his times for his inclusion of "legends an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
