PUBLISHED BID DECLINING PRICE AUCTION

摘要

An auction process wherein a series of winning bids and corresponding timesare published inadvance of the auction. Buyers submit bids over the course of a marketingperiod. Eachsuccessively increased bid reduces the time available in the auction. Theprocess can be used forselling anything which can benefit from an increased marketing exposureperiod. The processseeks to maximize the net proceeds to the seller while minimizing themarketing period.