Posted: August 2nd, 2022
There are many types of auctions, each with strengths and weaknesses at uncovering the real price or value of an item. Auctions are widely used in finance, e-commerce, and e-games. They are also widely used to generate revenue for not-for-profit organizations.
The following video describes auctions as price discovery mechanisms:
Use the video on auctions and at least three academic or high-quality business publications (see acceptable types below) to compare and contrast English auctions and Dutch auctions, and sealed-bid first-price auctions and Vickery auctions.
Address the following questions in 5–7 pages:
English and Dutch auctions.
Sealed-bid first-price auctions and Vickery auctions.
The need for an auction to uncover value in the product or service.
How the type of auction used to uncover the value of the product or service is better at uncovering value than other types of auctions.
Place an order in 3 easy steps. Takes less than 5 mins.