Buy custom Software piracy on internet auctions
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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2120 |
Essay's paper body
According to reports of the SIIA (2006), consumer-to-consumer online auction revenue climbed from $4 billion in 1999 to more than $15 billion in 2004.
There are different types of Internet auctions. For example you have an English auction, in which every bidder can hear the bid of the rival buyer and has a limited time to respond to it with a higher bid (Feldman & Kumar, n...
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In a sealed bid auction there is a specific deadline. The seller keeps the bids of the other potential buyers secret until that deadline and then he announces the winner. The disadvantage of this way of bidding is that the different bidders do not know how high other bids are and they can not overbid each other...
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