What is another word for dutch auctions?
Pronunciation: [dˈʌt͡ʃ ˈɔːkʃənz] (IPA) 
Dutch auctions, also known as clock auctions, are a type of auction where the price of an item is gradually lowered until a bidder agrees to purchase it. There are several synonyms for Dutch auctions, including ascending bid auctions, open outcry auctions, and clock price auctions. These terms all refer to the same type of auctioning process, wherein bidders are encouraged to compete with one another to secure the best deal on a given item. Other variations of this auction type include Japanese auctions, where all bidders pay the same final price regardless of their initial bid, and Vickrey auctions, where the highest bidder pays the second-highest bid price.
