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The auctions – perspectives of application in the trade with Perishable foods

Author

Listed:
  • Boyko Doychinov

    (University of Economics - Varna)

Abstract

Pursuant to the degree of adjustability of the markets’ processes by the side of the market participants the markets can be organized or unorganized. The organized market is a summative denotation of a market, which is permanently or periodically acting on a strongly specific location, in fixed time and according to legal requirements and/or as a general rule and method of trading with goods and/or services. The organized markets include commodity exchanges and auctions, which are high organized markets, and wholesale markets as well. The auction is determinate by the mechanism of the price competition and it is a competitive method of trade with existing goods, which have specific individual features. Summary, the main and distinctive features of the auction are: organizers are producers and traders, it can be permanently or periodically acting, the goods are available, the buyers filed an application and pay deposit, the auction can be overt or privy, the completion of the swap is in a short term.

Suggested Citation

  • Boyko Doychinov, 2013. "The auctions – perspectives of application in the trade with Perishable foods," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, issue 1, pages 105-113, November.
    • Handle: RePEc:vra:journl:y:2013:i:1:p:105-113
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    File URL: http://www.su-varna.org/izdanij/Ikonomika-13/Pages%20105-113.pdf
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    More about this item

    Keywords

    Organized markets; auctions; commodity exchanges; wholesale markets; fish markets; auction hall; perishable foods; lots;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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