Category: Bidding strategy

Tacit collusion
Tacit collusion is a collusion between competitors, which do not explicitly exchange information and achieving an agreement about coordination of conduct. There are two types of tacit collusion - conc
Collusion is a deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right. Collusion is not alwa
Bid rigging
Bid rigging is a fraudulent scheme in procurement auctions resulting in non-competitive bids and can be performed by corrupt officials, by firms in an orchestrated act of collusion, or between officia
Bid shading
In an auction, bid shading is the practice of a bidder placing a bid that is below what they believe a bid is worth. Bid shading is used for one of two purposes. In a common value auction with incompl
Suicide bidding
Suicide bidding is a response to a tendering exercise in which a potential supplier, anxious to win business, submits a proposal to carry out the work for less than it will cost. These procurement pro
Calor licitantis
Calor licitantis is a Latin phrase, the literal translation of which is, "heat of soliciting." The functional use of the phrase in both modern times and antiquity is "bidder's heat". This is also know
Auction cancellation hunter
An auction cancellation hunter (German: Abbruchjäger) is a person who uses German law to their advantage by participating in online auctions in Germany, only bidding minimal amounts and expecting the
Jump bidding
In auction theory, jump bidding is the practice of increasing the current price in an English auction, substantially more than the minimal allowed amount.
Bidding is an offer (often competitive) to set a price tag by an individual or business for a product or service or a demand that something be done. Bidding is used to determine the cost or value of s
Auction sniping
Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually second