The bidder had made the same bid in an earlier round.
Despite the importance of competitive bidding there has been little research that seeks to explain what makes successful bidders and how much they get.
In a combinatorial auction, bidders may place bids on combinations of items.
This progress in the development of bidding algorithms now means that software bidding agents are able to consistently outperform human bidders.
The bidder will, understandably, always make commercial incentives override other considerations.
What prevented him from selling his vote to the highest bidder?
The land could be sold via an auction process or through a licitation system to the highest bidder.
The bidders submit their encrypted bids to a blackboard.
