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online auction
(redirected from Online auction business model)

    Also found in: Wikipedia, Hutchinson 0.04 sec.

Using the Web to match buyers and sellers around the globe. eBay pioneered the online auction in 1995, and Amazon.com, Yahoo! and others quickly followed. Priceline added a variation by asking buyers to name the price they want to pay and see if a seller will match it. See eBay, Amazon.com, priceline.com, sniping software and bid shielding.



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