Case Study 1: Auctions and Dynamic Pricing
The aftercited video describes auctions as worth indication mechanisms:
The Ideal Auction.
Use the video on auctions and at last three academic or high-quality calling divulgations (see pleasurable ideas under) to retort the aftercited questions in 5–7 pages. Other subscription and resources can be set-up at the Strayer Library.
There are multifarious ideas of auctions, each delay strengths and frailty at exposeing the authentic worth or appraise of an item. Compare and opposition how each of the aftercited exposes appraise:
English and Dutch auctions.
Sealed-bid first-worth auctions and Vickery auctions.
Compare and opposition surge pricing and congeries pricing. Give an in of each currently in use.
Auctions are widely used in finance, e-commerce, and in e-games. Identify three ins of auctions used in finance, e-commerce, and/or e-games. Explain the aftercited in-depth:
The need for an auction to expose appraise in the effect or employment.
How the idea of auction used to expose the appraise of the effect or employment is amend at exposeing appraise than other ideas of auctions.
Auctions are so widely used to originate proceeds for not-for-profit organizations. What are the advantages or disadvantages of auctions as proceeds generators for not-for-profit organizations?
Suggest ways in which a for-profit congregation, such as the congregation for which you effect or a congregation for which you aspire to effect, can use auctions or dynamic pricing to amend expose appraise and acception proceeds.
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