Word: bidder
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...Nobody requires you to take the lowest possible bidder," said Somerville Mayor Mike Capuano...
...Justice Department to increase the number of FBI special agents working on the inquiry to 25, and to add a bevy of foreign counterintelligence specialists, the paper reported. The White House, already stung by revelations that sleepovers in Lincoln's bed were regularly doled out to the highest bidder, pleaded ignorance of the Chinese affair. Maybe so, but one at least one wheeler-dealer with established links to the Clinton Administration has already surfaced in the Justice Department's investigation. While working as a Commerce Department official, his desk calendar shows, influential Democratic fund-raiser John Huang met several times...
...wares. The proceeds should be donated as to Harvard for the purpose of undergraduate financial aid. The stores which should be recruited to populate the vacant spaces should be national or regional chains that specialize in textbooks or office supplies. (If this attempt fails, sell to the highest bidder.) In any case, not only will students have access to better goods at lower prices, future generations of students will benefit from interest earned on the now-stagnant equity housed in the Coop...
Vickrey, 82, designed a novel auction method in which bids are sealed and the winner pays what the second-highest bidder offered; a version of this is used by the U.S. Treasury to sell notes. Vickrey also urged railways and utilities to prevent congestion by charging peak rates at the busiest times of day, a practice that has now become routine...
...transport, Vickrey was able to convince the Washington D.C. subway system (but not New York's) to use a progressive fare system, which charges more for longer trips. He also left his mark on the auction houses of the world, where a sealed bid "Vickrey auction" has the highest bidder only paying the next-highest offer. Vickrey earned a master's in economics from Columbia in 1937 and a doctorate in 1948. After winning the prize, he was invigorated, telling journalists "Forty-five years is a long time to wait for your ideas to take hold."-->