ascending bid

The common operational method of the format is that it is an ascending bid auction in which bids are open for all to see.

Both of these companies used ascending bid, English auctions and were the first of their kind to take advantage of the new technological opportunities.

It provided a theoretical foundation for the intuition driving the major design choice by the FCC between an ascending bid and sealed bid auction.

This was a mechanism that allowed for arbitrage possibilities and retained some of the flexibility of the simultaneous ascending bid auction but could be achieved instantaneously.

NBTC has chosen Simultaneous Ascending Bid auction as a way to assign the all spectrum slots all at the same time.

Milgrom and Wilson proposed a simultaneous ascending bid auction with discrete bidding rounds, which "promised to provide much of the operational simplicity of sealed-bid auctions with the economic efficiency of an ascending auction."

Here is a summary of some of the most popular: ENGLISH AUCTIONS - In English, or "ascending bid," auctions, potential buyers bid for an item until the highest bid wins.

In the words of Evan Kwerel, "In the end, the FCC chose an ascending bid mechanism, largely because we believed that providing bidders with more information would likely increase efficiency and, as shown by Milgrom and Weber (1982), mitigate the winner's curse."