Secret Auctions

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf Auction Type
gptkbp:advantage Encourages honest bidding
Lack of price discovery
Potential for overbidding
Reduces collusion
gptkbp:alsoKnownAs Sealed-bid Auction
gptkbp:contrastsWith Open Auction
gptkbp:feature Bidders unaware of others' bids
Bids are confidential
Bids submitted simultaneously
Winner is highest bidder
https://www.w3.org/2000/01/rdf-schema#label Secret Auctions
gptkbp:relatedTo gptkb:Dutch_Auction
gptkb:Vickrey_Auction
English Auction
gptkbp:studiedIn gptkb:Game_Theory
gptkbp:type First-price sealed-bid auction
Second-price sealed-bid auction
gptkbp:usedIn Real Estate Transactions
Government Contracts
Art Sales
gptkbp:bfsParent gptkb:Secret_Network
gptkbp:bfsLayer 7