Auction

Market using the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. http://en.wikipedia.org/wiki/Auction

common examples:

T Bill-s http://en.wikipedia.org/wiki/Treasury_security#Treasury_bill
EBay
Google AdWords
WireLess spectrum

Edited: 2010-07-09 00:00:00 | Tweet this! | Search Twitter for discussion

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Bill Seitz