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Concept information

Preferred term

auction theory  

Definition

  • There are two basic forms of auction. Bidders compete for a good, service, or right in public against one other. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Auction Theory]

Broader concept

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-BDHMS03L-N

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