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Penny auction (foreclosure)

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40: 562:, while intimidating anyone who attempted to bid competitively. In the end, the bank that owned the farm would get whatever was bid and the neighbors would return the farm and its contents to the farmer. 674: 39: 539:. The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure by forcing the 254: 555: 637: 506: 244: 169: 576: 164: 664: 219: 214: 659: 535:
property to force the sale of the property at a low price, with the intent of then returning the property to its previous
439: 134: 294: 129: 627: 474: 389: 374: 184: 499: 669: 586: 434: 379: 339: 234: 229: 119: 94: 679: 224: 124: 591: 444: 369: 84: 67: 399: 239: 194: 633: 524: 449: 404: 259: 189: 99: 79: 23: 492: 479: 394: 289: 209: 179: 174: 104: 354: 319: 314: 309: 249: 204: 154: 149: 114: 62: 57: 459: 424: 364: 264: 159: 139: 109: 72: 558:. Neighbors would gather in large numbers at the auction and place bids of only a few 653: 359: 144: 581: 571: 543:
to relinquish the property without an opportunity to recuperate the balance of the
414: 409: 384: 344: 299: 199: 349: 304: 284: 532: 612: 559: 469: 528: 329: 274: 89: 47: 31: 540: 536: 551: 544: 613:"Fending off Foreclosures with Penny Auctions" 629:Lessons from the Great Depression For Dummies 500: 8: 507: 493: 18: 550:The term arose during the foreclosure of 604: 458: 423: 328: 273: 46: 30: 675:Great Depression in the United States 556:Great Depression in the United States 7: 14: 38: 626:Wiegand, Steve (June 3, 2009). 1: 577:Farmers' Holiday Association 696: 642:– via Google Books. 632:. John Wiley & Sons. 475:Private electronic market 170:Generalized second-price 165:Generalized first-price 220:Simultaneous ascending 665:Contexts for auctions 587:Damnation (TV series) 255:Vickrey–Clarke–Groves 660:Community organizing 135:Discriminatory price 592:Bidding fee auction 445:Revenue equivalence 130:Deferred-acceptance 594:, or penny auction 215:Sealed first-price 527:taken during the 525:collective action 517: 516: 295:Cancellation hunt 245:Value of revenues 115:Click-box bidding 687: 644: 643: 623: 617: 616: 609: 509: 502: 495: 440:Price of anarchy 290:Calor licitantis 42: 19: 695: 694: 690: 689: 688: 686: 685: 684: 650: 649: 648: 647: 640: 625: 624: 620: 611: 610: 606: 601: 568: 513: 484: 454: 419: 324: 320:Tacit collusion 269: 185:Multi-attribute 17: 12: 11: 5: 693: 691: 683: 682: 677: 672: 667: 662: 652: 651: 646: 645: 638: 618: 603: 602: 600: 597: 596: 595: 589: 584: 579: 574: 567: 564: 515: 514: 512: 511: 504: 497: 489: 486: 485: 483: 482: 477: 472: 466: 463: 462: 456: 455: 453: 452: 450:Winner's curse 447: 442: 437: 431: 428: 427: 421: 420: 418: 417: 412: 407: 402: 397: 392: 387: 382: 377: 372: 367: 362: 357: 352: 347: 342: 336: 333: 332: 326: 325: 323: 322: 317: 312: 307: 302: 297: 292: 287: 281: 278: 277: 271: 270: 268: 267: 262: 257: 252: 247: 242: 237: 232: 227: 222: 217: 212: 207: 202: 197: 192: 187: 182: 177: 172: 167: 162: 157: 152: 147: 142: 137: 132: 127: 122: 117: 112: 107: 102: 97: 92: 87: 82: 77: 76: 75: 70: 65: 54: 51: 50: 44: 43: 35: 34: 28: 27: 16:Auction tactic 15: 13: 10: 9: 6: 4: 3: 2: 692: 681: 678: 676: 673: 671: 670:Direct action 668: 666: 663: 661: 658: 657: 655: 641: 639:9780470542347 635: 631: 630: 622: 619: 614: 608: 605: 598: 593: 590: 588: 585: 583: 580: 578: 575: 573: 570: 569: 565: 563: 561: 557: 553: 548: 546: 542: 538: 534: 530: 526: 522: 521:penny auction 510: 505: 503: 498: 496: 491: 490: 488: 487: 481: 478: 476: 473: 471: 468: 467: 465: 464: 461: 457: 451: 448: 446: 443: 441: 438: 436: 435:Digital goods 433: 432: 430: 429: 426: 422: 416: 413: 411: 408: 406: 403: 401: 398: 396: 393: 391: 388: 386: 383: 381: 378: 376: 373: 371: 368: 366: 363: 361: 358: 356: 353: 351: 348: 346: 343: 341: 338: 337: 335: 334: 331: 327: 321: 318: 316: 313: 311: 308: 306: 303: 301: 298: 296: 293: 291: 288: 286: 283: 282: 280: 279: 276: 272: 266: 263: 261: 258: 256: 253: 251: 248: 246: 243: 241: 238: 236: 235:Uniform price 233: 231: 230:Traffic light 228: 226: 223: 221: 218: 216: 213: 211: 208: 206: 203: 201: 198: 196: 193: 191: 188: 186: 183: 181: 178: 176: 173: 171: 168: 166: 163: 161: 158: 156: 153: 151: 148: 146: 143: 141: 138: 136: 133: 131: 128: 126: 123: 121: 120:Combinatorial 118: 116: 113: 111: 108: 106: 103: 101: 98: 96: 95:Best/not best 93: 91: 90:Barter double 88: 86: 83: 81: 78: 74: 71: 69: 66: 64: 61: 60: 59: 56: 55: 53: 52: 49: 45: 41: 37: 36: 33: 29: 25: 21: 20: 628: 621: 607: 582:Occupy Homes 572:Merle Hansen 549: 520: 518: 370:Domain names 225:Single-price 125:Common value 680:Foreclosure 554:during the 85:Anglo-Dutch 68:Bidding fee 654:Categories 599:References 533:foreclosed 340:Algorithms 240:Unique bid 195:No-reserve 405:Virginity 260:Walrasian 190:Multiunit 100:Brazilian 80:Amsterdam 566:See also 480:Software 470:Ebidding 395:Spectrum 360:Children 330:Contexts 210:Scottish 180:Knapsack 175:Japanese 105:Calcutta 32:Auctions 24:a series 22:Part of 560:pennies 529:auction 375:Flowers 365:Players 355:Charity 315:Suicide 310:Sniping 305:Rigging 285:Shading 275:Bidding 250:Vickrey 205:Reverse 155:Forward 150:English 63:Chinese 58:All-pay 636:  541:lender 460:Online 425:Theory 400:Stamps 390:Slaves 265:Yankee 160:French 140:Double 110:Candle 73:Dollar 552:farms 537:owner 531:of a 523:is a 415:Wives 380:Loans 345:Autos 145:Dutch 48:Types 634:ISBN 545:loan 410:Wine 385:Scam 300:Jump 200:Rank 350:Art 656:: 547:. 519:A 26:on 615:. 508:e 501:t 494:v

Index

a series
Auctions
Auction Room, Christie's, circa 1808.
Types
All-pay
Chinese
Bidding fee
Dollar
Amsterdam
Anglo-Dutch
Barter double
Best/not best
Brazilian
Calcutta
Candle
Click-box bidding
Combinatorial
Common value
Deferred-acceptance
Discriminatory price
Double
Dutch
English
Forward
French
Generalized first-price
Generalized second-price
Japanese
Knapsack
Multi-attribute

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