Emiliani used to run reverse auctions for jet engine manufacturer Pratt & Whitney. (inc.com)
9) I was an early critic of reverse auctions organized by the US Treasury, largely because of the complexity involved. (alephblog.com)
The article states that law firms participating in reverse auctions congregate in an online chat room where they bid anonymously for legal work as a clock counts down the minutes left in the auction. (legalblogwatch.typepad.com)