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Auction Pricing and Market-Space Competition

Author

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  • Giuseppe Cappiello

    (University of Bologna)

Abstract

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.

Suggested Citation

  • Giuseppe Cappiello, 2002. "Auction Pricing and Market-Space Competition," Symphonya. Emerging Issues in Management, Niccolò Cusano University, issue 1 Market-.
    • Handle: RePEc:sym:journl:26:y:2002:i:1
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    File URL: https://symphonya.unicusano.it/article/view/2002.1.11cappiello
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    References listed on IDEAS

    as
    1. Mario Gilli, 2001. "I giochi e lo scambio. Elementi per una discussione sull'uso delle aste nella teoria e nella politica economica," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2001(110).
    2. Jean-Jacques Lambin & Silvio M. Brondoni, 2001. "Ouverture de 'Market-Driven Management'," Symphonya. Emerging Issues in Management, Niccolò Cusano University, issue 2 Market-.
    3. David Lucking‐Reiley & Doug Bryan & Naghi Prasad & Daniel Reeves, 2007. "Pennies From Ebay: The Determinants Of Price In Online Auctions," Journal of Industrial Economics, Wiley Blackwell, vol. 55(2), pages 223-233, June.
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    Cited by:

    1. Giuseppe Cappiello, 2005. "Price Policies, Over-Supply and Demand Bubbles," Symphonya. Emerging Issues in Management, Niccolò Cusano University, issue 2 Over-Su.

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