CURRENTLY AVAILABLE 4 FORMATS OF AUCTION TRADING (ENGLISH, DUTCH, SEAL FIRST PRICE , VICKRY) WIDELY DISTRIBUTED IN THE WORLD AND THEIR PROS AND CONS IN THEIR MANAGEMENT MECHANISM
Abstract
Auctions are a very popular form of trade in many countries today, particularly in Europe, America, China, Japan, and Arab countries. In them, an object is put up for public sale and a kind of competition is organized among buyers to buy this object, and whoever pays the most money wins the sale.
This article mainly discusses the 4 formats that are currently common in the world. (English, Dutch, sealed first price, vickry) auction sales, their positive and negative aspects are covered.
Keywords
English auction, Dutch auction, first sealed auction, Vickrey auction, first auction in history, auction sale, auctioneer, auctioneer, auctioneer, auction winner.How to Cite
References
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