Chinese Auctions
نویسنده
چکیده
A Chinese Auction is one of the most popular mechanisms at charity or other fundraising events. In a Chinese Auction, bidders buy lottery tickets, which are essentially chances to win items. Bidders may buy as many tickets as they like, and bid them on any item(s) they want by placing them in a basket or other container in front of the item(s) they are trying to win. At the conclusion of bidding, the winning ticket is drawn from the tickets bid on each item, and the item is given to the owner of that ticket.
منابع مشابه
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