Five-card majors for offensive purposes. However, if the trump cards break 4-1 or 1-4, then drawing trump will result in no trumps left for offensive purposes. The value of five-card majors can be understood then on two levels: But five-card majors have several drawbacks: Both partners must agree to follow the five-card major bidding treatment on their opening bid. Opener must have at least five cards in hearts or spades to start the bidding with that suit. Responder is expected to show support with three-card support, indicating an eight-card fit. With only four cards in a major suit, the opening bidder is
Auction wide interest (for who wouldn't want a $1,000 car for $100?), the auctioneer may suggest an opening bid of $1,000; although the first bidder may begin bidding at a mere $100, the final bid may more likely approach $1,000. The Journal of Economic Literature (JEL) classification code for auctions is D44. Auction An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. The open ascending price auction is arguably the most common form of auction in use today. Participants bid openly