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Case Study: Auctions and Dynamic Pricing

Open Posted By: ahmad8858 Date: 18/02/2021 Graduate Case Study Writing

 There are many types of auctions, each with strengths and weaknesses at uncovering the real price or value of an item. Auctions are widely used in finance, e-commerce, and e-games. They are also widely used to generate revenue for not-for-profit organizations. 

The following video describes auctions as price discovery mechanisms:

Use the video on auctions and at least three academic or high-quality business publications (see acceptable types below) to compare and contrast English auctions and Dutch auctions, and sealed-bid first-price auctions and Vickery auctions.

Instructions

Address the following questions in 5–7 pages:

  1. Compare and contrast how each of the following uncovers value:
    • English and Dutch auctions.
    • Sealed-bid first-price auctions and Vickery auctions.
  2. Compare and contrast surge pricing and congestion pricing. Give an example of each currently in use.
  3. Identify three examples of auctions used in finance, e-commerce, and/or e-games. Explain the following in-depth:
    • 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.
Category: Mathematics & Physics Subjects: Mathematics Deadline: 12 Hours Budget: $120 - $180 Pages: 2-3 Pages (Short Assignment)

Attachment 1

2/18/2021 Rubric Detail – ECO550041VA016-1212-001

https://blackboard.strayer.edu/webapps/rubric/do/course/gradeRubric?mode=grid&isPopup=true&rubricCount=1&prefix=_25800821_1&course_id=_30… 1/3

Unacceptable NeedsImprovement Competent Exemplary

Compare and contrast how English and Dutch auctions and how sealed-bid first- price and Vickery auctions uncover value.

0 (0.00%) Did not submit or incompletely compared and contrast how English and Dutch auctions and how sealed- bid first-price and Vickery auctions uncover value.

26.4375 (11.25%) Partially compared and contrast either English and Dutch auctions or sealed-bid first-price and Vickery auctions with regard to how they uncover value.

29.9625 (12.75%) Satisfactorily compared and contrast how English and Dutch auctions and how sealed- bid first-price and Vickery auctions uncover value.

35.25 (15.00%) Thoroughly compared and contrast how English and Dutch auctions and how sealed- bid first-price and Vickery auctions uncover value.

Compare and contrast surge pricing and congestion pricing.

0 (0.00%) Did not submit or incompletely compared and contrast surge pricing and congestion pricing.

26.4375 (11.25%) Partially compared and contrast surge pricing and congestion pricing.

29.9625 (12.75%) Satisfactorily compared and contrast surge pricing and congestion pricing.

35.25 (15.00%) Thoroughly compared and contrast surge pricing and congestion pricing with real- world examples to enhance the comparisons.

Name: w07a1

Description: w07a1 - Case Study: Auctions and Dynamic Pricing ExitExit

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2/18/2021 Rubric Detail – ECO550041VA016-1212-001

https://blackboard.strayer.edu/webapps/rubric/do/course/gradeRubric?mode=grid&isPopup=true&rubricCount=1&prefix=_25800821_1&course_id=_30… 2/3

Unacceptable NeedsImprovement Competent Exemplary

Explain the need for an auction to uncover value and how the type of auction used is better than other options for three examples in finance, e- commerce, and/or e-games.

0 (0.00%) Did not submit or incompletely explained the need for an auction to uncover value and how the type of auction used is better than other options for three examples in finance, e- commerce, and/or e-games.

35.25 (15.00%) Partially explained the need for an auction to uncover value and how the type of auction used is better than other options for three examples in finance, e- commerce, and/or e-games.

39.95 (17.00%) Satisfactorily explained the need for an auction to uncover value and how the type of auction used is better than other options for three examples in finance, e- commerce, and/or e-games.

47 (20.00%) Thoroughly explained the need for an auction to uncover value and how the type of auction used is better than other options for three examples in finance, e- commerce, and/or e-games by making explicit reference to supporting evidence to support the explanation.

Explain the advantages and disadvantages of auctions as a revenue generator for not-for-profit organizations.

0 (0.00%) Did not submit or incompletely explained the advantages and disadvantages of auctions as a revenue generator for not-for-profit organizations.

35.25 (15.00%) Partially explained the advantages and disadvantages of auctions as a revenue generator for not-for-profit organizations.

39.95 (17.00%) Satisfactorily explained the advantages and disadvantages of auctions as a revenue generator for not-for-profit organizations.

47 (20.00%) Thoroughly explains the advantages and disadvantages of auctions as a revenue generator for not-for-profit organizations by providing specific real- world examples to enhance the explanation.

Propose ways in which a for- profit company could use auctions or dynamic pricing to better uncover value and increase revenue.

0 (0.00%) Did not submit or incompletely proposed ways in which a for- profit company could use auctions or dynamic pricing to better uncover value and increase revenue.

35.25 (15.00%) Partially proposed ways in which a for- profit company could use auctions or dynamic pricing to better uncover value and increase revenue.

39.95 (17.00%) Satisfactorily proposed ways in which a for- profit company could use auctions or dynamic pricing to better uncover value and increase revenue.

47 (20.00%) Thoroughly proposes ways in which a for- profit company could use auctions or dynamic pricing to better uncover value and increase revenue with explicit references to academic, quality evidence.

2/18/2021 Rubric Detail – ECO550041VA016-1212-001

https://blackboard.strayer.edu/webapps/rubric/do/course/gradeRubric?mode=grid&isPopup=true&rubricCount=1&prefix=_25800821_1&course_id=_30… 3/3

Unacceptable NeedsImprovement Competent Exemplary

Use at least three quality academic references, including one that has been published in the last six months.

0 (0.00%) No references provided.

8.8125 (3.75%) Does not meet the number of required references; some or all references are poor-quality choices.

9.9875 (4.25%) Meets the number of required references; all references are high-quality choices.

11.75 (5.00%) Exceeds the number of required references; all references are high-quality choices.

Clarity, writing mechanics, and formatting requirements.

0 (0.00%) More than six errors present.

8.8125 (3.75%) 5–6 errors present.

9.9875 (4.25%) 3–4 errors present.

11.75 (5.00%) 0–2 errors present.

Name:w07a1

Description:w07a1 - Case Study: Auctions and Dynamic Pricing ExitExit