Fandom

The IT Law Wiki

Reverse auction

32,169pages on
this wiki
Add New Page
Talk0 Share

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.

Definition Edit

E-commerce Edit

A reverse auction (also called a procurement auction, e-auction, sourcing event, e-sourcing or eRA) is a tool used in industrial business-to-business procurement. It is a type of auction in which the role of the buyer and seller are reversed, with the primary objective to drive purchase prices downward. In an ordinary auction (also known as a "forward auction"), buyers compete to obtain a good or service. In a reverse auction, sellers compete to obtain business.

Telecommunications Edit

A frequency spectrum reverse auction is a process where

broadcasters . . . establish the amount of compensation they are willing to accept for the spectrum they voluntarily release for auction.[1]

References Edit

  1. Middle Class Tax Relief and Job Creation Act of 2012, Pub. L. No. 112-96, §6402(G)(ii) and §6403(a).


This page uses Creative Commons Licensed content from Wikipedia (view authors). Smallwikipedialogo.png

Also on Fandom

Random Wiki