107 Sentences With "Dutch auction" | Random Sentence Generator

Regardless, back in 2004, the company's Dutch auction was big news.

And there are no minimum bids in the Dutch auction system.

The same Forbes piece does a fine job detailing what a Dutch auction entails: In a Dutch auction, a company reveals the maximum amount of shares being sold and sometimes a potential price for those shares.

The process resembles a Dutch auction, in which sellers are knocked out over time.

Google, not content to do things along normal lines, went public using a Dutch auction.

Now, maybe Spotify is a one-off just like Google's Dutch auction was a one-off.

Earlier this year, broadcast stations sold unwanted spectrum to the agency in a so-called Dutch auction.

In my book, too soon to tell if it is the reverse Dutch Auction of its day.

In a reverse auction, or "Dutch" auction, a single buyer makes an offer of payment to multiple sellers.

In 2004, Google sold shares in a Dutch auction that was largely viewed as a disaster at the time.

And Google was trying to reinvent the IPO by making it more transparent, using a process called a Dutch Auction.

The company used a complicated Dutch auction to determine which bidders got to buy the sandals and at what price.

In 22015, Google finally went public in a long-awaited offering, via Dutch auction, that lit the public markets on fire.

The agency also scrutinized Google's bid to go public in 2004, when the company used an unconventional Dutch-auction for its IPO.

Another venture, that of W.R. Hambrecht & Co., set IPO prices and allocation of IPOs online through an auctioning process known as a Dutch auction.

There are 3 ways that a company can go public: a traditional IPO, a Dutch auction (Google being the prime example), or a direct listing.

A first attempt at invigorating public offerings, the initial public price-setting of Google stock, was conducted through a public internet "Dutch auction" in 2004.

The bank said it will sell 28.12 billion naira in three-month papers and 55.12 billion naira in six-month bills, using the Dutch Auction system.

Google used a version of a Dutch auction in its 2004 listing, in an effort to attract more individual investors and avoid a sharp price swing.

It was a blind Dutch auction, meaning buyers put in anonymous bids for the size and color they wanted, without knowing what the other bids would be.

It's an inverse of the "Dutch auction," where two people pay to bid for something -- say, a dollar -- but specify that both the loser and winner must pay.

Google's unconventional Dutch auction in 2004 left a lot of money on the table, and is a big reason no major tech outfit has followed the same blueprint.

The Portuguese bank is looking to buy back just up to 500m of the bonds, which have a face value of 2.39bn-equivalent, through an unmodified Dutch auction.

That could eventually lead to the Dutch auction halls, where some 3,000 work, falling silent, but change is already apparent; some 70 percent of sales come from remote bidders.

When Google decided to do a Dutch auction-style initial offering more than a decade ago, commentators predicted it could spell doom for banks looking to run investor roadshows.

CNBC's Jim Cramer said Dutch Auction, in the next month or so, could help give Whirlpool a short-term boost, marking it a better time for investors to sell.

Broadcasters earlier this year participated in a process, similar to a Dutch auction, where they bid to give up their spectrum entirely or share a channel with someone else.

The bank said it would raise 32.43 billion naira in three-month debt, 30 billion in six-month bills and 80 billion in one-year notes, using a Dutch auction system.

The nutritional supplement maker also said it intends to launch a "modified Dutch auction" tender offer, seeking to repurchase between $450 million and up to $650 million of its outstanding common stock.

The company said it also intends to pursue a "modified Dutch auction" tender offer seeking to purchase between $450 million and up to $650 million of shares of its outstanding common stock.

The bank said it will sell 55.40 billion naira of three-month and 33.49 billion naira of six-month bills and 130 billion naira of one-year debt, using the Dutch auction system.

Thomson Reuters said the share repurchase will be a "modified Dutch auction," a process that allows shareholders to declare the number of shares they sell, and the price at which they sell them.

That means putting out new products through a process called a "blind Dutch auction," which lets users bid what they want while setting a winning price based on the amount of merchandise available.

Bidding in the broadcaster section of the sale works like a Dutch auction, with stations agreeing to lower and lower prices until the FCC makes the decision to lock in a price and purchase spectrum.

Announces expiration and preliminary results from self-tender offer and schedules first quarter 2017 earnings release and conference call * Great elm capital corp - company's modified "dutch auction" self-tender offer expired at 5:00 p.m.

The office said it would sell 35 billion naira of a bond maturing in 2036, 25 billion naira of paper maturing in 2026 and 35 billion of debt maturing in 2021, using the Dutch auction system.

Byrne has railed against corruption on Wall Street for decades, occasionally using Overstock as a weapon, like when he took the company public outside of Wall Street in 2002, using a transaction known as a Dutch auction.

Not since Google's IPO in 2004, which used a Dutch auction model allowing retail investors to join in, have everyday people had the option to jump into a company's cap table so easily and reap the potential growth of that startup.

Herbalife also announced it was commencing a tender offer for up to $600 million of stock through a "modified Dutch auction," a process that lets Herbalife buy back a large number of shares from existing shareholders at the lowest possible price.

Yahoo – Yahoo commenced a Dutch auction tender offer to purchase up to $3 billion in common stock, in a move to provide liquidity to shareholders who will be forced to sell as part of Yahoo's deal to sell its internet assets to Verizon.

SM: Typically, a company sets out of a goal, then in the sales process, they can either discover what the market is willing to pay, as with a Dutch auction, or they can stipulate the price themselves and explain what the use of the proceeds will be.

To create a hybrid structure, an issuer would borrow from the Spotify precedent and add in elements of the modified Dutch auction process that Google used to go public in 2004 (which was viewed dimly at the time, thus discouraging copycats, but which worked in retrospect).

But Everett said Delta wasn't prepared to participate in what he referred to as "a 'Dutch auction' process" - a sale that starts with a high asking price but ends when a buyer raises its offer to a level the seller was privately willing to settle for.

Perhaps sensing that the share price is too low, Cramer said, the company started a modified Dutch auction tender offering this week: repurchasing $1 billion worth of stock and is willing to pay anywhere from $150 to $170 per share, depending on where the auction ends up.

The proposal includes a small purchase of new shares at the current valuation, but the bulk of the investment would come through buying out existing shareholders at a discount via a so-called Dutch auction — an auction that begins with a high price that declines until a buyer says yes.

Raeburn, a journalist, and Zollman, a game theorist and philosopher at Carnegie Mellon, maintain that the best move for the mother of these children is to hold an auction—after determining whether market conditions call for an open-cry-first-price auction, a sealed-bid-second-price auction, an English-clock auction, or a Dutch auction—and begin taking bids.

Qualcomm Incorporated (NASDAQ: QCOM) announced today that it commenced a "modified Dutch auction" tender offer to purchase up to $10 billion of shares of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly withdrawn, at a price not less than $60.00 nor greater than $67.50 per share of common stock, to the seller in cash, less any applicable withholding taxes and without interest (the "Offer").

The introduction of the Dutch auction share repurchase in 1981 gives firms an alternative to the fixed price tender offer when executing a tender offer share repurchase. The first firm to use the Dutch auction was Todd Shipyards. A Dutch auction offer specifies a price range within which the shares are purchased. Shareholders can choose to tender their stock at any price within the stated range.

Other sources define Brazilian auction as a reverse auction with similarities to Dutch auction. Like in the previous definition, the overall price is constant. But instead of the increasing price as in Dutch auction, the amount of identical items is decreasing.

But in contrast to a Dutch auction format, Japanese auctions do not put what one Dutch auction users describes as "maximum psychological pressure" on the supply base and especially on the incumbent suppliers. This can put the buyer in a better position regarding with potentially earning more than he should based on the market.

The introduction of the Dutch auction share repurchase in 1981 allows an alternative form of tender offer. A Dutch auction offer specifies a price range within which the shares will ultimately be purchased. Shareholders are invited to tender their stock, if they desire, at any price within the stated range. The firm then compiles these responses, creating a demand curve for the stock.

Brazilian auction as a variation of Dutch auction is introduced by Portum AG for Linde plc in the context of selling gas in Brazil.

A Dutch auction is also known as an open descending price auction. Named after the famous auctions of Dutch tulip bulbs in the 17th century, it is based on a pricing system devised by Nobel Prize–winning economist William Vickrey. In the traditional Dutch auction, the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price. The winning participant pays the last announced price.

Both finalists receive a premium: a proportion of the excess of the second price over the third price (at which English auction ended). Anglo-Dutch auction starts as an English or Japanese auction and then continues as a Dutch auction with a reduced number of bidders. French auction is a preliminary sealed-bid auction before the actual auction, whose reserve price it determines. Sequential auction is an auction, where the bidders can participate in a sequence of auctions.

A 1957 Dutch auction in Germany to sell fruit. A Dutch auction is one of several similar types of auctions for buying or selling goods. Most commonly, it means an auction in which the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price, or it reaches a predetermined reserve price. This has also been called a clock auction or open-outcry descending-price auction.

To raise money for student events, the House Committee holds a Dutch Auction each spring. Students and tutors can offer a service or object to be auctioned. In past years, students have offered to write theme songs for individual House members, to clean rooms, to go on a date, and so on; Cabot alum Rivers Cuomo donated an autographed copy of Weezer's new album during his senior year. The Auctioneer for the Dutch Auction is usually a prominent member of the House or the House Committee.

SFEM began in September 26, 1986 with the value of the naira determined by weekly auction and the highest bids receive not more than 10% of the allocation. From its beginning, the system led to a devaluation of the naira with rates determined by the average of successful bids, marginal pricing and finally through dutch auction. In April 1987 the exchange rates became determined by a dutch auction system until the second exchange rate was merged with the official exchange rate in July 1987 to form the Foreign Exchange Market which operated under the auction system of SFEM.

As a result, Elliot permanently discontinued his activity on eBay and began to think of alternative ways to sell online."About Us" Pricefalls.com. 2010-05-05. Retrieved 2010-08-03."Let's go 'Dutch': Auction site seeks lowest bidders" WalletPop.com. 2010-03-11.

Dutch auctions are the reverse of English auctions whereby the price begins high and is systematically lowered until a buyer accepts the price. Dutch auction services are usually misleading and the term 'Dutch' tends to have become common usage for the use of a multiunit auction in a single unit auction as opposed to how it is originally intended for that of a declining price auction. However, with actual on-line Dutch auctions where the price is descending, it was found that auctions have on average a 30% higher ending price than first-price auctions with speculation pointing to bidder impatience or the effect of endogenous entry on the Dutch auction.

While a traditional Dutch Auction starts at a high bid which will then decrease, a Reverse Dutch Auction works the opposite way as it starts at a low price and then gradually increases over time. It contains a list of items that buyers want to procure and the price rises after fixed intervals until a reserved price is reached. Before the reserved price is reached, if a supplier places a bid for the item, it is allocated to the supplier and the item closes for bidding. In this auction, the buyer specifies a starting price, price change value, time interval between price changes, and the reserved price.

If too few shares are tendered, then the firm either cancels the offer (provided it had been made conditional on a minimum acceptance), or it buys back all tendered shares at the maximum price. The first firm to use the Dutch auction was Todd Shipyards in 1981.

Dutch auction is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders. In addition to cut flower sales in the Netherlands, Dutch auctions have also been used for perishable commodities such as fish and tobacco.

In the study involving Java-based Internet Dutch auction, the findings indicated that social facilitation does indeed occur and participants improve their results and stay longer in the auction under conditions of higher virtual presence. Participants also indicate a preference for auction arrangements with higher degrees of virtual presence.

On 6 August 1835 the Navy Office offered Zenobia for sale by Dutch auction for £1600 but had to take her in at £890.Nautical magazine and journal of the Royal Naval Reserve, Volume 3, p.64. Later that month a Mr. Tibbett bought her for £650 for breaking up.

Inveniam Capital Partners proposed a purchase price of $65.5 million, and a Dutch auction to allocate equity, in what was claimed to be "one of the largest known cryptocurrency real estate transactions of its kind." The buyer backed out of the transaction, citing problems with its senior lender and perceptions of WeWork.

The de Peijper collection was auctioned by De Nederlandsche Postzegelveiling in 2013, with the £100 Kenya and Uganda stamp reckoned to be the most valuable stamp ever to be auctioned in the Netherlands.Rare British Commonwealth Stamp to Be Auctioned at Dutch Auction House NPV. Reuters, 25 October 2013. Retrieved 26 March 2016.

Stores typically place merchandise on a "clearance rack" and periodically reduce the price until someone buys it, as in a Dutch auction. This process has been replicated on the internet. The defunct drop.com was the first clearance website to mimic a retail store clearance rack by allowing sellers to automatically mark down their items to a pool of consumers.

Applicable margin reset (AMR) is a procedure developed to provide an alternative to refinance the interest rate on the outstanding rated classes of collateralized loan obligation (CLO) securities. AMR utilizes a modified Dutch auction procedure to set the new interest rate on each participating class of CLO securities first developed by MUFG Securities and structured by Konstantin Kulev.

During the 1980s, new buildings were erected. These both provided an improved auction floor and expanded the secondary role of the Sydney Fish Market as a visitor attraction and retail venue. Until 1989, fish was sold, under a traditional 'voice' auction, to the highest bidder. A computerised Dutch auction system was introduced in October 1989, greatly increasing the efficiency of the sale process.

A Dutch auction initially offers an item at a price in excess of the amount the seller expects to receive. The price lowers in steps until a bidder accepts the current price. That bidder wins the auction and pays that price for the item. For example, a business might auction a used company car at a starting bid of $15,000.

Yankee auction is a special case of multiunit auction. OnSale.com has developed Yankee auction as its trademark in the 1990s. A Yankee auction is a single-attribute multiunit auction running like a Dutch auction, where the bids are the portions of a total amount of identical units. The total amount of auctioned items is firm in a Yankee auction unlike a Brazilian auction.

If a bid is one number like price, it is a single-attribute auction. If bids consists of multiple-attributes, it is a multi-attribute auction. A Yankee auction is a single-attribute multiunit auction running like a Dutch auction, where the bids are the portions of a total amount of identical units. The amount of auctioned items is firm in a Yankee auction unlike a Brazilian auction.

An auction rate security (ARS) typically refers to a debt instrument (corporate or municipal bonds) with a long-term nominal maturity for which the interest rate is regularly reset through a dutch auction. Since February 2008, most such auctions have failed, and the auction market has been largely frozen. In late 2008, investment banks that had marketed and distributed auction rate securities agreed to repurchase most of them at par.

A FPSBA is distinct from the English auction in that bidders can only submit one bid each. Furthermore, as bidders cannot see the bids of other participants, they cannot adjust their own bids accordingly. FPSBA has been argued to be strategically equivalent to the Dutch auction. What are effectively FPSBA are commonly called tendering for procurement by companies and organizations, particularly for government contracts and auctions for mining leases.

Single-price auctions are a pricing method in securities auctions that give all participants to issue the same purchase price. They can be perceived as modified Dutch auction. This method has been used since 1992 when it debuted as an experiment of the U.S. Treasury for all auctions of 2-year and 5-year notes. There is only one main difference between the multiple-price system and the single-price system.

Kennedy delegated this task to Captain Sir John Hill, commander of . Temeraire was sold by Dutch auction on 16 August 1838 to John Beatson, a shipbreaker based at Rotherhithe, for £5,530. She was then towed up the Thames to his yard, a voyage that J. M. W. Turner depicted in his painting The Fighting Temeraire tugged to her last Berth to be broken up, 1838. Kennedy's commission did not long outlive Temeraires.

When creating an inverse floater through the swap market the need to sell in inverse floaters through a Dutch auction is eliminated. In the first scenario the original security placed in trust is referred to as the collateral, from this collateral both the floater and inverse floater are created. The dealer will split up the underlying fixed-rate asset at a specified ratio (e.g. 20/80) and assign each portion to inverse and floater.

Retrieved 2010-08-03 After returning to Bates, Elliot learned of the Dutch Auction and its application in the tulip industry. He then sought out other students capable of technically executing a reverse auction website. His search led him to a partnership with Bates alumni Peter Schaefer and Chad Casey, the creators of a small web media company called Lautus Design."Bates Graduate Creates Site To Save People Money" WMTW.com. 2010-07-01.

When Google later in 2004 went public via a Dutch auction IPO, Byrne commented that Wall Street firms similarly pushed negative stories, but did not keep it from going forward successfully. Four years after the OpenIPO, one official of Hambrecht, its now former co-CEO Clay Corbus was added to Overstock's board of directors. Byrne abruptly resigned his board seat and position as CEO of Overstock.com after it was revealed that he had an affair with a Russian agent.

Details of the proposed offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter. Underwriters provide several services, including help with correctly assessing the value of shares (share price) and establishing a public market for shares (initial sale). Alternative methods such as the Dutch auction have also been explored and applied for several IPOs.

In February 2012, Achatz held a Dutch Auction for tickets to Next's elBulli-inspired menu, raising over $275,000 for charity in just two days. Auction prices ranged from $4,000 to $5,000 for parties of two. Achatz has also served as a coach for the biennial culinary competition in Lyon, France, Bocuse d'Or. All restaurants use unique ticketing system and reservation platform Tock, which was founded by Nick Kokonas and of which Achatz serves as both an investor and hospitality advisor.

Prosper acted as an eBay-style online auction marketplace, with lenders and borrowers ultimately determining loan rates using a Dutch auction-like system. Effective December 19, 2010, Prosper filed a new prospectus with the SEC, changing its business model to use pre-set rates determined solely by Prosper based on a formula evaluating each prospective borrower's credit risk.Prosper Marketplace Inc., Post Effective Amendment to Form S-1 SEC Edgar Archive (Retrieved 2 January 2011)Securities and Exchange Commission, Notice of Effectiveness.

She was sold by Dutch auction on 16 August 1838 to John Beatson, a shipbreaker based at Rotherhithe for £5,530. Beatson was then faced with the task of transporting the ship 55 miles from Sheerness to Rotherhithe, the largest ship to have attempted this voyage. To accomplish this he hired two steam tugs from the Thames Steam Towing Company and employed a Rotherhithe pilot named William Scott and twenty five men to sail her up the Thames, at a cost of £58.

This process is known as a Dutch auction method and guarantees that the interest rate will be as low as possible, depending on the investor bids. Depending on the amount of money offered by investors, and the interest rates, individual bids can proceed at the target or a lower interest rate, or be cancelled. A bid can be as little as €5, repayment times are usually 6 to 12 months, sometimes 2 years. Providers, Administrators and MYC4 itself all charge a fee for their services.

The interest rate on ARS is determined through a Dutch auction process. The total number of shares available to auction at any given period is determined by the number of existing bond holders who wish to sell or hold bonds only at a minimum yield. Existing holders and potential investors enter a competitive bidding process through broker/dealer(s). Buyers specify the number of shares, typically in denominations of $25,000, they wish to purchase with the lowest interest rate they are willing to accept.

Despite Modern Lehman being the most common form in use, this does not mean that rates are not still negotiated on a case by case. Some banks seek higher rates (such as Triple Lehman), and some companies push for lower rates, particularly for $100 million and higher transactions. In addition, some companies increasingly run transactions in- house. The most notable example was the Google IPO, where Google performed the analytic, execution and structuring requirements, used a Dutch Auction for pricing, and banks for their distribution network.

Around 20 million flowers are sold daily. This increases by around 15 percent around special days such as Valentine's Day and Mother's Day. Their flowers are subjected to around 30 quality checks so that they can be graded on a scale (A1, A2 and B). The auction is set up as a Dutch auction in which the price starts high and works its way down. Bidders get only a few seconds to bid on the flowers before they are sold and passed on to the new owner.

The domain is expected to be launched in 2010. In preparation for a launch, RU Center opened a sunrise registration period for Russian trademark owners from 25 November 2009 to 25 March 2010. General public registrations are planned starting 20 April 2010 through June 2010 using a Dutch auction process, and at a fixed price beginning in July 2010. In January 2010 ICANN announced that the domain was one of the first four new non-Latin ccTLDs to have passed the Fast Track String Evaluation within the domain application process.

Hetzner Online provides dedicated hosting, shared web hosting, virtual private servers, managed servers, domain names, SSL certificates, storage boxes, and cloud solutions. At the data center parks located in Nuremberg, Falkenstein and Helsinki/Finland, customers can also connect their hardware to Hetzner Online's infrastructure and network with the company's colocation services. The company operates a server auction site online where the chance to rent older dedicated servers (not purchase or colocate) are auctioned off in the form of a Dutch auction. Hetzner Online has a domain name registrar arrangement with ICANN (for registering domains under .

First-price sealed-bid auctions are when a single bid is made by all bidding parties and the single highest bidder wins, and pays what they bid. The main difference between this and English auctions is that bids are not openly viewable or announced as opposed to the competitive nature which is generated by public bids. From the game-theoretic point of view, the first-price sealed-bid auction is strategically equivalent to the Dutch auction; that is, in both auctions the players will be using the same bidding strategies.

Schwartz, Ephraim. "Start-Ups to Put Tech-Support Services Up for Bid" , Computerworld, May 1, 2000 A user of the service would submit a technical support question through a simple webform and receive Dutch auction bids from online experts to resolve the problem."Expertcity.com and Excite@Home Deliver Live Expert Help", Expertycity press release, January 20, 2000 Upon selecting one of the experts, the user would be connected to him via a chat interface and, optionally, via desktop sharing, whereby the expert could see the user's screen and remotely control the user's mouse and keyboard.

OpenIPO is a modified Dutch auction which allows shares of an initial public offering (IPO) to be allocated in an impartial way. It is a variation on the traditional way that shares are sold during the IPO process and results in all successful bidders paying the same price per share. Based on an auction system designed by the economist William Vickrey, the OpenIPO auction uses a mathematical model to treat all qualifying bids in an impartial way. It is similar to the model used to auction Treasury bills, notes, and bonds.

In the mid-1960s he took a job at the Daily Mail following a Dutch auction for his services with the Daily Express. His decision to work for the Daily Mail led to his estrangement from fellow cartoonist Ralph Steadman, alongside whom he had studied art at East Ham Technical College. Soon after, Steadman was commissioned to illustrate Scarfe and "produced an image that was half saint and half Superman, but with a disconnected heart". Scarfe spent only one year working for the Daily Mail, during which time he was sent to provide illustrations from the Vietnam War.

Bagwell, Laurie Simon, "Dutch Auction Repurchases: An Analysis of Shareholder Heterogeneity" 1992, Journal of Finance, Vol. 47, No. 1, 71–105. The purchase price is the lowest price that allows the firm to buy the number of shares sought in the offer, and the firm pays that price to all investors who tendered at or below that price. If the number of shares tendered exceeds the number sought, then the company purchases less than all shares tendered at or below the purchase price on a pro rata basis to all who tendered at or below the purchase price.

It was run as a Dutch auction handled by WR Hambrecht (which handled Google's IPO similarly in 2004) and HSBC; it was the second-largest U.S. IPO that year and the largest brokerage IPO since 2005. The shares sold represented approximately 10 percent of the interest in IBG LLC. Also in 2007, a real-time Portfolio Margin platform was introduced for customers trading multiple asset classes, providing increased leverage with real-time risk management; as well, the company introduced exchanges for physicals for customers to exchange stocks and futures with a market-determined rate. In 2008, the company released Risk Navigator, a real- time market risk management platform.

The Korean version of the bamboo wife A bamboo wife (; Vietnamese: trúc phu nhân; ; ), also known as a Dutch wife, in Tagalog as kawil (literally, fish hook or chain); in Burmese as ဖက်လုံး and in Indonesian as guling, is a hollow bamboo bolster roughly the size of the human body. The origin of the English term "Dutch wife" is thought via folk etymology to be from the (former) Dutch colony of Indonesia, where Dutch traders would spend long periods away from their wives. A more likely explanation is the link with Dutch courage, Dutch auction or to go Dutch. Here the use of the word Dutch was something dodgy or not regular.

When selling an item, users proceed through a six-step process, prompting the user to: #Choose between creating a Dutch Auction or a Fixed Price Sale. #Choose a category for their listing and up to 3 subcategories. #Enter a listing title, brand name, condition, and a detailed description of the item. #Set their pricing. If the merchant chose the falling price method in step one they are prompted to enter the price ceiling (the most they think someone would be willing to pay), and price floor (the least they are willing to accept), along with a listing duration, and an optional duration that delays the falling of the price (“Catch It Before It Falls” duration).

In 2005, Larsen and John Witchel co-founded Prosper Marketplace Larsen served as CEO. From 2006 to 2009, Prosper operated a variable rate model, acting as an eBay-style online auction marketplace with lenders and borrowers ultimately determining loan rates using a Dutch auction- like system. Through the website, borrowers can request personal loans, while Prosper handles the servicing of the loan and distributes borrower payments and interest back to the loan investors. Prosper also makes borrowers' "credit grades" public, and verifies identities and select personal data. Larsen himself had funded 450 loans through the website as of 2008, with borrowers as diverse as homeowners, college students, credit-card users, and entrepreneurs.

Rational Frenzies and Crashes, JPEWar of Attrition, AERAuctions versus negotiations, AER He has also invented new auction designs, including the "Product Mix Auction" that is now in regular use by the Bank of England (currently used monthly). This new auction for differentiated products has similarities to a simultaneous multiple-round auction, but runs instantaneously, is said to be more robust against collusion, and allows sellers, as well as buyers, to specify how the quantities they trade will depend on the auction prices. His other innovations include the Anglo-Dutch auction, and (with Aytek Erdil) Reference-Rule Pricing for package auctions. He has also worked (with Elizabeth Baldwin) on applying tropical geometry to economics and auctions, including the Product Mix auction.

In linguistics, phraseology is the study of set or fixed expressions, such as idioms, phrasal verbs, and other types of multi-word lexical units (often collectively referred to as phrasemes), in which the component parts of the expression take on a meaning more specific than or otherwise not predictable from the sum of their meanings when used independently. For example, ‘Dutch auction’ is composed of the words Dutch ‘of or pertaining to the Netherlands’ and auction ‘a public sale in which goods are sold to the highest bidder’, but its meaning is not ‘a sale in the Netherlands where goods are sold to the highest bidder’. Instead, the phrase has a conventionalized meaning referring to any auction where, instead of rising, the prices fall.

Under U.S. corporate law, there are six primary methods of stock repurchase: open market, private negotiations, repurchase "put" rights, two variants of self-tender repurchase (a fixed price tender offer and a Dutch auction), and accelerate repurchases. More than 95% of the buyback programs worldwide are through an open-market method, whereby the company announces the buyback program and then repurchases shares in the open market (stock exchange). In the late 20th and the early 21st century, there was a sharp rise in the volume of share repurchases in the United States: US$5 billion in 1980 rose to US$349 billion in 2005. Large share repurchases started later in Europe than in the United States, but are nowadays a common practice around the world.

AMR affects the reset of the interest rate on each of the designated participating classes of CLO securities (each, an “AMR Class”) through a modified Dutch auction. Like Traditional Refinancings, the AMR procedures can be initiated at the direction of the holders of a majority of the Subordinated Notes of a CLO or by the Collateral Manager. In addition, the AMR procedures may also be initiated automatically, if certain specified objective conditions specified in the indenture for the related CLO have occurred. Prior written notice of each AMR date, auction procedures, and other relevant information is distributed by the CLO trustee to the holders of each AMR Class and certain other transaction parties. An Auction Service Provider (the “ASP”) is appointed by the CLO issuer to facilitate the auction process.

Pricefalls enables consumers to purchase merchandise that has been listed using the Dutch auction by using one of two distinct methods: “If it Hits” bids, or “Catch it Now”. “If it Hits”: When bidding on Pricefalls, users can set a price that they would like to pay for an item. If the price falls to the set bid without anyone purchasing it first then the item is automatically purchased. In the case of a multiple quantity listing, the highest bids win in the order of magnitude. “Catch it Now”: As the product price is falling buyers may also choose to purchase an item right away. To purchase an item at its current price buyers can click the “Catch it Now” button to finalize the transaction and the quantity purchased is taken off the market.

The firm compiles these responses, creating a supply curve for the stock.To understand the Dutch auction bidding and outcome from actual shareholder tendering responses, see The purchase price is the lowest price that allows the firm to buy the number of shares sought in the offer, and the firm pays that price to all investors who tendered at or below that price. If the number of shares tendered exceeds the number sought, the company purchases less than all shares tendered at or below the purchase price pro rata to all who tendered at or below the purchase price. If too few shares are tendered, then the firm either cancels the offer (provided it had been made conditional on a minimum acceptance), or it buys back all tendered shares at the maximum price.

The company also functioned as co-manager to take Google public in 2004, using the Dutch auction system. Many traditional investment banks have balked at the idea of using an auction process, such as OpenIPO to engage in public securities offerings as this new method allows for equal access to the allocation of shares and eliminates the “behind the scenes” dealings of shares and favorable treatment often found in conventional IPOs. Despite other banks’ resistance to using this method, however, OpenIPO has been used for over 20 public offerings. Financial historians Richard Sylla and Robert E. Wright have shown that before the Civil War, most early U.S. corporations sold shares in themselves directly to the public without the aid of intermediaries like investment banks.Robert E. Wright, “Reforming the U.S. IPO Market: Lessons from History and Theory,” Accounting, Business, and Financial History (November 2002), 419-437.

At the end of each of the first two rounds (and in early years, also at the end of the third round), the highest-scoring player gets to go to a "Gift Shop" and is offered the chance to sacrifice part of his/her score to "purchase" a prize at a "low price". The prizes, and the cost, increased in each round, usually around $5–7 in round 1, then $7–10 in round 2, and $10–16 in round 3. Contestants were allowed to haggle with the host, who, depending on the game situation, might reduce the price and offer inducements including actual cash in order to entice the contestant to purchase. If two or more players had the same score at this point, a Dutch auction was conducted for the prize whereby the host would incrementally reduce the selling price until either contestant buzzed in or the host decided not to lower the prize any further and announced "no sale".

The invention in the application under examination related to an "automatic Dutch auction method executed in a server computer". The Board of Appeal first made it clear that: # there are four requirements to be fulfilled for some claimed subject-matter to be patented: "(1) it should be an "invention", and this invention must be (2) new, (3) inventive, and (4) industrially applicable",T 258/03, Reasons 3.1 that # the term "invention" is to be construed as "subject-matter having technical character", and finally that # the "verification that claimed subject-matter is an invention within the meaning of Article 52(1) EPC" must be done before performing the three other tests, i.e. the novelty, the inventive step and the industrial applicability tests. Consequently, and having regard to the structure of the EPC, the Board held that "it should be possible to determine whether subject- matter is excluded under Article 52(2) EPC without any knowledge of the state of the art (including common general knowledge)".