Definition Edit

A forward English auction

let[s] multiple buyers to bid competitively for products from individual suppliers. Foreward auctions are seller-driven auctions, with prices moving up as a result of bidding among buyers.[1]

References Edit

  1. Entering the 21st Century: Competition Policy in the World of B2B Electronic Marketplaces, at 10 (footnotes omittd).

See also Edit

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