Address the following questions:

1. Compare and contrast how each of the following uncovers value:
2. 
   
3. English and Dutch auctions.
   • Sealed-bid first-price auctions and Vickery auctions.
4. 
   
   1. Compare and contrast surge pricing and congestion pricing. Give an example of each currently in use.
   2. Identify three examples of auctions used in finance, e-commerce, and/or e-games. Explain the following in-depth:
5. 
   
   3. 
      
      • 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.

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.

1. 
   
   • Propose ways in which a company can use auctions to better uncover value and increase revenue.

Answer rating: 100% (QA)

Auctions and Dynamic Pricing Auction Overview Auctions utilize the market operating mechanisms to solve the pricing problem in business Setting the price can be challenging for some products Setting a... View the full answer