Banker's payment and Dutch auction: Difference between pages
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Dutch auctions use a bidding process that starts with a high price and continues to lower the price until all the available shares or units have been sold. | |||
Usually done on a sealed bid basis and all buyers pay the same price. | |||
Also known as a descending price auction. | |||
== See also == | == See also == | ||
* [[ | * [[Open outcry]] | ||
Revision as of 22:23, 3 June 2016
Dutch auctions use a bidding process that starts with a high price and continues to lower the price until all the available shares or units have been sold.
Usually done on a sealed bid basis and all buyers pay the same price.
Also known as a descending price auction.
