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
|