Auctions and Dynamic Pricing

Case Study: Auctions and Dynamic Pricing

Overview

There are abundant kinds of auctions, each after a while strengths and  weaknesses at unveiling the existent cost or appraise of an item. Auctions  are widely used in finance, e-commerce, and e-games. They are  also widely used to originate income for not-for-profit organizations. 

The subjoined video describes auctions as cost clue mechanisms:

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Use the video on auctions and at lowest three academic or  high-quality trade promulgations (see satisfactory kinds beneath) to  compare and contrariety English auctions and Dutch auctions, and sealed-bid  first-cost auctions and Vickery auctions.

Instructions

Address the subjoined questions in 5–7 pages:

  1. Compare and contrariety how each of the subjoined unveils appraise:        
    • English and Dutch auctions.
    • Sealed-bid first-cost auctions and Vickery auctions.
  2. Compare and contrariety surge pricing and congeries pricing. Give an in of each currently in use.
  3. Identify three ins of auctions used in finance, e-commerce, and/or e-games. Explain the subjoined in-depth:        
    • The want for an auction to unveil appraise in the emanation or use.
    • How the kind of auction used to unveil the appraise of the  emanation or use is ameliorate at unveiling appraise than other kinds of  auctions.
  4. What are the advantages or disadvantages of auctions as income generators for not-for-profit organizations?
  5. Suggest ways in which a for-profit corporation, such as the corporation  for which you effort or a corporation for which you ascend to effort, can use  auctions or dynamic pricing to ameliorate unveil appraise and growth  revenue.

This road requires the use of Strayer Writing Standards. For  assistance and instruction, delight point to the Strayer Writing  Standards couple in the left-hand menu of your road. Check after a while your  professor for any additional instructions.

Acceptable Types of Publications

A high-quality, functional trade promulgation is one that is  primarily directed at reporting or analyzing the effortings of the  business. Examples are the Wall Street Journal, Bloomberg, and Reuters. Avoid open information promulgations such as USA Today, the Washington Post, and the New York Times. Other subscription and resources can be build at the Strayer Library.

Please do not lean on Wikipedia, Investopedia, or correspondent websites as pointences at any opportunity in this road.

The restricted road letters effect associated after a while this provision is:

  • Propose ways in which a corporation can use auctions to ameliorate unveil appraise and growth income.
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