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But instead of assuming that traders would make bid decisions based on rational responses to market information, the model assumed the traders would bid at random times with random prices--a state known as "zero intelligence".
[Page C4.] Constellation Brands May Make Bid Shares of Allied Domecq rose after Constellation Brands said it was considering making a counterbid to the £7.4 billion ($14.1 billion) offer from Pernod Ricard and Fortune Brands.
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Would-be buyers have until Jan . 15to make bids.
Were they supposed to make bids in the room together?
The technology makes it easier for new potential suppliers to make bids, making the market more competitive, company officials said.
"I don't make bids, and I'm not thinking about it," he said.
The North Fork Bancorp and the FleetBoston Financial Corporation had been expected to make bids for E.A.B.
If other clubs make bids, that's up to them".
A couple of those are likely to make bids from what they've told us.
Everton, Liverpool and Arsenal are all ready to make bids in the summer.
Potential buyers will be able to locate vendors, make bids and fiddle around with specifications online.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com