# Reverse Auction sometimes also called Buyer’s Auction

- Canonical URL: https://www.gerhardmerk.de/reverse-auction-sometimes-also-called-buyers-auction
- Post ID: 594922
- Modified: 2023-07-25T21:13:22+00:00
- Language: en

## Definition

An auction (Gant; auction) in which not the bidder with the highest offer is awarded the contract, but the bidder with the lowest offer (auction in which sellers bid prices for which they are willing to sell items ). - This reverse auction gives buyers the advantage of finding the lowest bidder among suppliers or sellers. The price of the auctioned item falls continuously until the first bidder accepts. The procedure was discussed lively in connection with the purchase of problematic assets by the U.S. Treasury in the course of the subprime crisis. - See Tender procedure, Auctioneer. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1