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
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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.
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