This presentation provides an overview of key auction models. It discusses the purpose and value of Internet auction pricing, Internet auction models and provides insight into designing efficient mechanisms for internet based auctions to augment your business model. It is a good place to start your analysis of internet based auction models and their applicability to your business model.
One of the most efficient ways of value exchange is auction. Traditionally, the problem has been that the auction "marketplace" is not efficient. For example, information about an upcoming auction is not available to potential bidders/buyers so only a limited number turn up for it. The internet has provided good tools to solve this problem - not 100% efficient but getting there.
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