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What's a descending open auction?
Mr Chubais wanted an open auction.
Well, think about that descending open auction.
We can think about an ascending open auction.
So that's a version of an ascending open auction.
This fall, a bankruptcy court will hold an open auction for both businesses.
That way, they could bypass the open auction and cut deals among themselves".
But we can also imagine another crazy auction, which is a descending open auction.
As the co-founders and second-largest shareholders, they had hoped for an open auction.
The highest bid in an open auction is, by definition, "fair market value".
If there aren't any to show, we open up the ad impression to an open auction.
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Justyna Jupowicz-Kozak
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