Statements (28)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
auction type
|
| gptkbp:alsoKnownAs |
open ascending price auction
|
| gptkbp:characteristic |
bidders openly bid against each other
bids are announced publicly each subsequent bid must be higher than the previous |
| gptkbp:commonIn |
charity events
livestock markets estate sales |
| gptkbp:contrastsWith |
gptkb:Vickrey_auction
sealed-bid auction Dutch auction |
| gptkbp:endsWhen |
no higher bids are made
|
| https://www.w3.org/2000/01/rdf-schema#label |
English auction
|
| gptkbp:originatedIn |
gptkb:England
|
| gptkbp:pays |
winner pays bid amount
|
| gptkbp:processor |
auctioneer calls out prices
bidders signal acceptance |
| gptkbp:relatedTo |
game theory
auction theory |
| gptkbp:studiedIn |
economics
|
| gptkbp:usedFor |
selling antiques
selling art selling collectibles selling real estate |
| gptkbp:winner |
highest bidder
|
| gptkbp:bfsParent |
gptkb:Vickrey_auction
gptkb:Nouns_NFT_auctions |
| gptkbp:bfsLayer |
6
|