Assertion: auction's bid | /r/HasProperty | submitted at same time
Facets:
value: in a sealed envelope
type: LOCATION
Source sentences:
text: Sealed first-bid auction : All the bids are submitted at the same time, in a sealed envelope, the bidder with the highest bid wins
text: : All the bids are submitted at the same time, in a sealed envelope, the bidder with the highest bid wins Vicrey auction (or sealed-bid second-price auction) : Works the same as the Sealed first-bid auction, but the bidder only plays the second-highest price.