sealed tenders

Counterspeculation, auctions, and competitive sealed tenders.

Vickrey's paper, Counterspeculation, auctions and competitive sealed tenders, was the first of its kind using the tools of game theory to explain the dynamics of auctions.

Counterspeculation, Auctions, and Competitive Sealed Tenders is a fundamental paper on auctions written by the Nobel Prize winning economist William Vickrey in 1961.

Such criticisms forced President Jaime Paz Zamora to cancel the sale of two state-owned hotels in La Paz, the capital, when irregularities were discovered on the opening of sealed tenders.

The Board of Guardians gave notice that medical gentlemen willing to furnish medical relief to the paupers resident in the Bedford workhouse, with special arrangements (fees) for midwifery, were to send sealed tenders to Mr. Samuel Wing, clerk to the guardians, stating their 'terms per case'.