Chat with us, powered by LiveChat Case Study: Auctions and Dynamic Pricing Overview There are many types of auctions, each with strengths and weaknesses | WriteDen

Case Study: Auctions and Dynamic Pricing Overview There are many types of auctions, each with strengths and weaknesses

 

Case Study: Auctions and Dynamic Pricing

Overview

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.

Instructions

Address the following questions in 5–7 pages:

  1. Compare and contrast how each of the following uncovers value:
    • English and Dutch auctions.
    • Sealed-bid first-price auctions and Vickery auctions.
  2. Compare and contrast surge pricing and congestion pricing. Give an example of each currently in use.
  3. Identify three examples of auctions used in finance, e-commerce, and/or e-games. Explain the following in-depth:
    • 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.
  4. What are the advantages or disadvantages of auctions as revenue generators for not-for-profit organizations?
  5. Suggest ways in which a for-profit company, such as the company for which you work or a company for which you aspire to work, can use auctions or dynamic pricing to better uncover value and increase revenue.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

Acceptable Types of Publications

A high-quality, professional business publication is one that is primarily directed at reporting or analyzing the workings of the business. Examples are the Wall Street Journal, Bloomberg, and Reuters. Avoid general news publications such as USA Today, the Washington Post, and the New York Times. Other articles and resources can be found at the Strayer Library.Please do not rely on Wikipedia, Investopedia, or similar websites as references at any time in this course.The specific course learning outcome associated with this assignment is:

  • Propose ways in which a company can use auctions to better uncover value and increase revenue.

HOW OUR WEBSITE WORKS

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of 
HIGH QUALITY & PLAGIARISM FREE.

Step 1

To make an Order you only need to click ORDER NOW and we will direct you to our Order Page at WriteDen. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
 Deadline range from 6 hours to 30 days.

Step 2

Once done with writing your paper we will upload it to your account on our website and also forward a copy to your email.

Step 3
Upon receiving your paper, review it and if any changes are needed contact us immediately. We offer unlimited revisions at no extra cost.

Is it Safe to use our services?
We never resell papers on this site. Meaning after your purchase you will get an original copy of your assignment and you have all the rights to use the paper.

Discounts

Our price ranges from $8-$14 per page. If you are short of Budget, contact our Live Support for a Discount Code. All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Please note we do not have prewritten answers. We need some time to prepare a perfect essay for you.