Dutch Auction (was: Sr Tech Writer job)

[arroxaneullman -at- aol -dot- com]

 http://en.wikipedia.org/wiki/Dutch_auction


 
A Dutch auction is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price, or a predetermined reserve price (the seller's minimum acceptable price) is reached. The winning participant pays the last announced price. This is also known as a "clock auction" or an open-outcry descending-price auction.

This type of auction is convenient when it is important to auction goods quickly, since a sale never requires more than one bid. Theoretically, the bidding strategy and results of this auction are equivalent to those in a sealed first-price auction.

The Dutch auction is named for its best known example, the Dutch flower auctions.

eBay uses the term Dutch auction differently, for a multi-unit auction for several identical goods to be sold simultaneously to potentially multiple bidders.

:)
Arroxane


 

-----Original Message-----
From: Leonard C. Porrello <Leonard -dot- Porrello -at- SoleraTec -dot- com>
To: TECHWR-L <techwr-l -at- lists -dot- techwr-l -dot- com>
Sent: Thu, 18 Dec 2008 9:59 am
Subject: RE: Sr Tech Writer job?










Hi Geoff,

What's a "dutch auction". That's a new one to me.

Leonard





 

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

ComponentOne Doc-To-Help 2009 is your all-in-one authoring and publishing 
solution. Author in Doc-To-Help's XML-based editor,  Microsoft Word or 
HTML and publish to the Web, Help systems or printed manuals. 
http://www.doctohelp.com

Help & Manual 5: The complete help authoring tool for individual
authors and teams. Professional power, intuitive interface. Write
once, publish to 8 formats. Multi-user authoring and version control! http://www.helpandmanual.com/

---
You are currently subscribed to TECHWR-L as archive -at- web -dot- techwr-l -dot- com -dot- 

To unsubscribe send a blank email to 
techwr-l-unsubscribe -at- lists -dot- techwr-l -dot- com
or visit http://lists.techwr-l.com/mailman/options/techwr-l/archive%40web.techwr-l.com


To subscribe, send a blank email to techwr-l-join -at- lists -dot- techwr-l -dot- com

Send administrative questions to admin -at- techwr-l -dot- com -dot-  Visit
http://www.techwr-l.com/ for more resources and info. 

Please move off-topic discussions to the Chat list, at:
http://lists.techwr-l.com/mailman/listinfo/techwr-l-chat