Sealed-Bid Auction

A Sealed-Bid Auction is an auction where submitted bids have values that are unknown to auction competitors.

• Example(s):
  • First-Price Sealed-Bid Auction.
  • Second-Price Sealed-Bid Auction.
• See: Bidding, Auction Theory, First-Price Auction, Second-Price Auction.

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References

2020

• (Wikipedia, 2020) ⇒ https://en.wikipedia.org/wiki/Auction#Sealed_bid Retrieved:2020-2-27.
  • Sealed bid - a submitted bid whose value is unknown to competitors.

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