Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Module 2 Discussion_...
Graffiti is something that we all see throughout our town, cities, and even neighborhoods. It can easily be seen as arbitrary, and relating to gangs, or criminal activities depending on the style and...

Module 2 Discussion
Module 2 Discussion

Graffiti is something that we all see throughout o

Primary Sources Stud...
Chaucer had the mastery to bring any character to life by his vivid descriptions about that character. Chaucer was never hurrying while giving the introductions of his characters. He took his time to...

Primary Sources Study 5
Primary Sources Study 5

Chaucer had the mastery to bring any character to

Discussion 1_1657794...
• The mission statement describes the purpose of the organization and the goals it wishes to achieve, whereas the vision statement provides a long-term perspective on the company's objectives. • The m...

Discussion 1
Discussion 1

• The mission statement describes the purpose of

Managerial Economics-Case Study 2

Managerial Economics-Case Study

Q 1. There are many types of auctions each with strengths and weakness at uncovering the real price/value of an item. Compare and contrast: a) the English and Dutch auctions; and, b) the sealed bid first price auction and the Vickery Auction. 2. After many months of offers and counter offers for Sky PLC, the UK’s The Takeover Panel (http://www.thetakeoverpanel.org.uk/) required that Sky PLC be acquired via an auction. What type of auction was the Sky auction, who were the bidders and who won? Given that there had been multiple public offers revealed by the bidders, was the auction type selected the best type of auction for the Sky acquisition? 3. Auctions are widely used in finance, e-commerce and in e-games. Identify 3 applications of auctions used in finance, e-commerce and/or e-games. Explain the: a) need for an auction in the product/service; and b) what type of auction is used and why that type of auction is appropriate for the product/service. 4. Auctions are also widely used to generate revenue for not-for-profit organizations. What are the advantages/disadvantages of auctions as revenue generators for not-for-profit organizations? 5. Suggest ways in which the company you work for, or the company which you aspire to work for, can use auctions to better uncover value and increase revenue.

View Related Questions

Solution Preview

View Complete Solution
Auctioning and purchasing a particular good or service at the best price is an art in itself. Not only the bidding price and final price depends on the bidder, but it is also dependent on the type of auctioning. There are a various types of auctioning techniques widely used across the world. A few of them will be discussed here along with their uses and implications and how do they differ from other auctioning types.