What Is a Modified Dutch Auction?

Answer

A modified Dutch auction is an auction where the auctioneer usually begins with a very high asking price and lowers it until any of the participants is willing to buy the item. Modified Dutch auctions usually have a certain lower limit which the auctioneer cannot go below and is used mainly when a quick sale is required. This type of auction is also known as clock auction or open-outcry descending price auction.
Q&A Related to "What Is a Modified Dutch Auction"
A Dutch action is where the Auctioneer starts with the highest asking price. The price is lowered until someone bids on the item. The last bid is the person who wins that auction.
http://answers.ask.com/Society/Holidays/what_is_a_...
1. Check the rules for the Dutch auction in which you wish to bid. Variations do exist! 2. Select the item you want, and look at the minimum bid, the bidding history and the closing
http://www.ehow.com/how_16375_bid-dutch-auction.ht...
Assuming you mean by the Dutch auction the descending-price auction, then the usual design is using a reverse clock (starting at a high price running down), letting bidders to stop
http://www.quora.com/Dutch-Auction/How-transparent...
n. An auction in which an item is initially offered at a high price that is progressively lowered until a bid is made and the item sold.
http://www.answers.com/topic/auction-1
Explore this Topic
A Dutch action is where the Auctioneer starts with the highest asking price. The price is lowered until someone bids on the item. The last bid is the person who ...
A Dutch auction is a type of auction where the auctioneer reduces the price of the item until a buyer for the item is found. The auctioneer usually begins the ...
In a dutch auction tender, a sale requires only one bid. The auctioneer begins by placing a high asking price that is lowered until one participant accepts to ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com