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Discover LudwigThe phrase "auction model" is correct and usable in written English.
It can be used in contexts related to economics, marketing, or any situation where a bidding process is involved.
Example: "The auction model allows sellers to maximize their profits by encouraging competitive bidding among buyers."
Alternatives: "bidding model" or "sales auction format".
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We tried the auction model with real auctioneers in December 2011, instantly gaining a lot of traction.
There are advantages to the auction model.
"We love the auction model," Ms. Norrington said.
The Illumio software uses a reverse auction model to restrict the answer to the best expert.
"What I saw in the auction model made more sense to me.
Rather than work directly with Donuts, Cramton worked with Innovative Auctions to customize his popular auction model.
In recent weeks it expanded its auction model to other markets including used cars and business equipment.
EBay, of course, has popularized the online auction model and is still the biggest operator of such a site.
To simplify things, Souq scrapped the eBay-style auction model in 2010 and instead adopted fixed prices.
When Souq started up in 2005, the team brought eBay's auction model to the region, in Arabic.
"I think the rate of decline of the popularity of eBay's auction model has accelerated," said Safa Rashtchy, an analyst with Piper Jaffray & Company.
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