Ebay, Online Auctions
Different aspects of online auctions, eBay.
For assessor only | | 1. Content | | 2. Language structure | | 3. Language accuracy | | 4. Language: format & citing/referencing | | Overall: | | Advisory grade | | Assessor’s initials | |
Maastricht UniversitySchool of Business & Economics | Place & Date: | Maastricht, 10-12-2012. | Name, initials: | Elemans, DP | ID number: | I6049135 | Study | International Business | Course Code: | EBC1009 | Group number | 36 | Tutor name: | Nikita Krugljakov | Writing tutor name: | Gaye van Denderen | Writing Assignment | Main Paper (Task 10) |
Your UM email address: d.elemans@studentmaastrichtuniversity.nl
Table of contents:
1. Introduction 2. Advantages and disadvantages of online auction
2.1 Advantages
2.2 Disadvantages 3. Different types of auctions
3.1 English auction
3.2 Dutch auction
3.3 First-price sealed bid auction
3.4 Second-price sealed bid auction 4. Different methods of bidding 5. Winner’s curve. 6. Example of bidding, using game theory. 7. Conclusion 8. Reference list 9. List of figures and tables
1. Introduction
The internet itself started in the sixties in the United States. It has had massive growths and has given the population some very useful tools. The most current development is internet auction, also called online auction. Online auction is a service in which auction users or participants sell or bid for products or services via the internet. Sellers put products on the site and following this, buyers can place an offer that they are willing to pay for it. The sellers can then decide to accept this offer or wait for a higher offer to come. eBay is one of the most well known online auctions and therefore the main goal of this paper will be to describe the different aspects of an auction and see how auctions work in real-life situations, all this related to eBay.
Firstly, the
For assessor only | | 1. Content | | 2. Language structure | | 3. Language accuracy | | 4. Language: format & citing/referencing | | Overall: | | Advisory grade | | Assessor’s initials | |
Maastricht UniversitySchool of Business & Economics | Place & Date: | Maastricht, 10-12-2012. | Name, initials: | Elemans, DP | ID number: | I6049135 | Study | International Business | Course Code: | EBC1009 | Group number | 36 | Tutor name: | Nikita Krugljakov | Writing tutor name: | Gaye van Denderen | Writing Assignment | Main Paper (Task 10) |
Your UM email address: d.elemans@studentmaastrichtuniversity.nl
Table of contents:
1. Introduction 2. Advantages and disadvantages of online auction
2.1 Advantages
2.2 Disadvantages 3. Different types of auctions
3.1 English auction
3.2 Dutch auction
3.3 First-price sealed bid auction
3.4 Second-price sealed bid auction 4. Different methods of bidding 5. Winner’s curve. 6. Example of bidding, using game theory. 7. Conclusion 8. Reference list 9. List of figures and tables
1. Introduction
The internet itself started in the sixties in the United States. It has had massive growths and has given the population some very useful tools. The most current development is internet auction, also called online auction. Online auction is a service in which auction users or participants sell or bid for products or services via the internet. Sellers put products on the site and following this, buyers can place an offer that they are willing to pay for it. The sellers can then decide to accept this offer or wait for a higher offer to come. eBay is one of the most well known online auctions and therefore the main goal of this paper will be to describe the different aspects of an auction and see how auctions work in real-life situations, all this related to eBay.
Firstly, the