Third-person singular simple present indicative form of auction off

plural of dollar auction

(game theory) A non-zero-sum sequential game designed to illustrate a paradox brought about by traditional rational-choice theory in which players are compelled to make an ultimately irrational decision based entirely on a sequence of apparently rational choices made throughout the game. It involves an auction for a dollar bill where the second-highest bidder loses the amount that they bid, making them the biggest loser in the auction.

An auction where most of the bidders are secretly shills.

plural of knockout auction

(economics) An applied branch of economics, studying how bidders act in auction markets and how the features of such markets incentivize predictable outcomes.

(US, slang, dated) An auction at which buyers are sold overpriced and often worthless items.

plural of jam auction

plural of slave auction

A lighthearted fundraising event where people volunteer to be bid upon in an auction, and act as servants to the winning bidders for a short period afterwards.