Auction Pricing and Market-Space Competition
Keywords:Auctions, Online Auctions, Auctions Pricing, Market-Space Competition, Market-Driven Management
The volume of trading carried out through auctions has increased over the last few years as information technology has spread ever further and data transmission connections have improved.
An auction is a tool used to determine the exchange ratio, that is the price to be paid for goods, services or rights.
The auction system is an alternative to the so-called ‘take it or leave it’ offer in a normal sales situation in which the seller sets a posted price and buyers decide whether to accept or reject the deal each time.
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