rebidding

They should bid lower, and check to see if they need to rebid. (note that without rebidding, the customer risks not winning the item by bidding lower than their true valuation).

eBay, Fun, and Social Waste, Arnold Kling | EconLog | Library of Economics and Liberty 2009

"I could be rebidding against a whole other competitive landscape," said Mr. Lynd, who will stay open part-time through October.

Feeding Frenzy in Montauk Spencer E. Ante 2011

That is, it results in a second-price, and has constant rebidding so that no one ever states their true valuation.

eBay, Fun, and Social Waste, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Next year, a dozen Eagle prop aircraft will open up for rebidding by Eagle or its competitors.

AMR to Spin Off Regional Carrier Timothy W. Martin 2011

With minimum values, he'd have limited his strength by rebidding two diamonds.

Bridge Frank Stewart 2010

Even in a Vickrey auction, when there is the possibility of rebidding, if bidders are worried about this risk they shouldn't bid their true valuations.

eBay, Fun, and Social Waste, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Next month, the state is expected to kick off rebidding of its existing contracts, issuing a formal request for proposals from insurers, said a spokeswoman for the state department that oversees Medicaid.

Insurers Bid for State Medicaid Plans Avery Johnson 2010

Meanwhile, SL Green is planning on rebidding for the racino rights.

SL Green, in Lawsuit, Alleges Rival 'Sabotaged' Bid for Queens Aqueduct (Updated!) 2009

However, Mr. Hallworth said ASG should be in a good position for renewal or rebidding.

Prison Health-Care Provider Cushioned in Recession 2009

Its key contracts, which include New York City's Rikers Island facility and the Pennsylvania Department of Corrections, will eventually come up for renewal or rebidding, a highly competitive process with no guarantees.

Prison Health-Care Provider Cushioned in Recession 2009