Case Study 1: Auctions and Dynamic Pricing
The subjoined video describes auctions as compensation thread mechanisms:
The Ideal Auction.
Use the video on auctions and at smallest three academic or high-quality concern notifications (see merry molds under) to vindication the subjoined questions in 5–7 pages. Other creed and resources can be institute at the Strayer Library.
There are frequent molds of auctions, each after a while strengths and want at revealing the true compensation or estimate of an item. Compare and opposition how each of the subjoined reveals estimate:
English and Dutch auctions.
Sealed-bid first-compensation auctions and Vickery auctions.
Compare and opposition surge pricing and accumulation pricing. Give an development of each currently in use.
Auctions are widely used in finance, e-commerce, and in e-games. Identify three developments of auctions used in finance, e-commerce, and/or e-games. Explain the subjoined in-depth:
The demand for an auction to reveal estimate in the fruit or utility.
How the mold of auction used to reveal the estimate of the fruit or utility is meliorate at revealing estimate than other molds of auctions.
Auctions are too widely used to produce enrichment for not-for-profit organizations. What are the advantages or disadvantages of auctions as enrichment generators for not-for-profit organizations?
Suggest ways in which a for-profit crew, such as the crew for which you employment or a crew for which you tower to employment, can use auctions or dynamic pricing to meliorate reveal estimate and acception enrichment.
This way requires the use of Strayer Writing Standards. For countenance and advice, content allude to the Strayer Writing Standards cohere in the left-hand menu of your way. Check after a while your confessor for any added instructions.
Acceptable Types of Publications
A high-quality, administrative concern notification is one that is primarily directed at reporting or analyzing the employmentings of concern. Examples are the Wall Street Journal, Bloomberg, and Reuters. Avoid unconcealed information notifications such as USA Today, the Washington Post, and the New York Times.
Please do not hope on Wikipedia, Investopedia, or concordant websites as alludeences at any interval in this way.