Sentence examples for the initial auction from inspiring English sources

In equilibrium, the winner of the initial auction lowers his bids over time, while losers keep their bids constant, in anticipation of the winner's lower future bids.

As part of that last step, NextWave would pay the government what it owed in taxes and unpaid obligations from the initial auction, in 1996.

The 2009 and 2010 auctions were interim events, held to round out squads and introduce new players; most players were already under contracts from the initial auction.

The initial auction, of nine blocks of 3,000 bitcoins - with each block worth about $1.7m at current exchange prices of around $588 - and one of 2,656 bitcoins, worth around $1.5m, will take place on Friday.

Polluters will be required to buy enough credits at the initial auction to cover their carbon dioxide emissions, or acquire more by trading with others at a later stage.

It is hardly surprising that markets are perkier.The amount lent at the second auction was slightly higher than expected, and went to far more banks than the initial auction in December.

But from the initial auctions, the trend is not encouraging for consumers.

An opening of the government-run oil industry suffered a false start in the initial auctioning off of oil field development, but a second round of auctions last month exceeded expectations.

It is common in the oil industry for initial auction results to be followed by weeks of dickering over details.

Here Dworkin introduces the idea of an initial auction (Dworkin 2000: 65 71).

"The joy of a book is that you take it off the shelf and it's like Christmas," he said, after presiding over an initial auction of the works on view.