Exploding Offer

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Exploding Offer

An offer (to buy or sell a good or service) with an expiration date. For example, one may make an exploding offer to buy an automobile on Friday and expect an answer by the following Monday. Exploding offers put pressure on the counterparty to make a decision.
References in periodicals archive ?
Roth, NBER and Harvard University, "Market Culture: How Norms Governing Exploding Offers Affect Market Performance"
Laboratory experiments allow Niederle and Roth to isolate the effects of exploding offers and binding acceptances.
The one date "could be a recipe for an utterly shambolic process, a mad scramble for talent full of hastily conducted interviews, exploding offers, and questionable" judge and applicant behavior.