Business > CASE STUDY > ECO550 CASE STUDY 1.docx Running Head: AUCTIONS AND DYNAMIC PRICING ECO550 Case St (All)
ECO550 CASE STUDY 1.docx Running Head: AUCTIONS AND DYNAMIC PRICING ECO550 Case St
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ECO550 CASE STUDY 1.docx Running Head: AUCTIONS AND DYNAMIC PRICING ECO550 Case Study: Auctions and Dynamic Pricing Stayer University ECO550: Introduction In this case I will investigate t... he four most well-known auction types known as English, Dutch, Vickrey, and Sealed First-price to determine which one is the best for uncovering value and why? These auctions can undoubtedly be classified by either two measurements: open versus closed and first-auction versus second auction. In an open auction the bidders are aware of each offered bid down to the very end of only one bid being offered. Where as in a closed auction the bids are unknown because they are submitted at the same time and the auction is not closed until all bids are in. At first look the auctions are classified as open or closed. We have English and Dutch auction that are which are both open auctions and Vickrey and Sealed First Price are clo. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]
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