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Online Timeshift Auctions
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Online Timeshift Auctions are generalizations and online equivalent of the most of the well-known on-site or online, forward or reverse auction types. All online Timeshift auctions are the fixed time auctions. As an example, in basic forward online timeshift auctions, the seller specifies all the basic required attributes of the forward online timeshift auctions: the predetermined auction period, the starting bid, etc. In addition to these basic attributes, the seller also specifies a timeshift interval, which determines the closing portion of the predetermined auction period. Bidders drive price up as they attempt to outbid each other. At the close of the auction, the highest bidder who had placed at least a single bid before the countdown of the timeshift interval started, obtains the item. Online Timeshift Auctions allow to keep the auction format as simple as a standard online auction, can provide more accurate information about the interest in the auctioned item and avoid Auction_sniping. Variations As mentioned above Online Timeshift Auctions are generalizations and online equivalent of the most of the well-known on-site or online, forward or reverse auction types. Here is the partial list of specific Online Timeshift Auctions: * Online Timeshift Auction (starndard Online Timeshift Auction described above) * Reserve-price Online Timeshift Auction * Reverse Online Timeshift Auction * Reverse Reserve-price Online Timeshift Auction All Timeshift auctions are fixed-time auctions. 
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