Sentence examples for using a reverse auction from inspiring English sources

Like other deregulated electricity markets, California set prices using a reverse auction.

The Treasury plans to buy huge amounts of distressed debt using a reverse auction process, where banks offer to sell at a price and the government buys from the lowest price upwards.

The U.S. Department of the Treasury has spoken of using a "reverse auction," which would mean that it would buy assets offered to it at the lowest prices.

Unlike its predecessors, the upcoming incentive auction process envisions using a reverse auction to reclaim the airwaves from broadcasters coupled with a forward auction to distribute spectrum for commercial wireless use.

The Illumio software uses a reverse auction model to restrict the answer to the best expert.

In 2004, when Google went public, it used a reverse auction to let anyone get shares.

As Ms. Andren said, "Somebody looking for something specially designed and who wants competitive bidding for the project might use a reverse auction".

Medypal will use a "reverse auction" method to ensure that the services are competitively priced and patients are able to pick the service provider they want.

InfoRocket plans to use a reverse auction, with people noting what they're willing to pay for a particular piece of information, while Exp.com has its advisers reply to questions with a proposal and a price.

A better option for a buyer is to use a reverse auction site.

Demandline is one of a crop of services that creates buying groups of small business customers, and uses a reverse-auction format to let the customer group name the prices they are willing to pay for goods and services.