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AuctionAuction
DeriveDerive As early as the fifth century, th As early as the fifth century, the Greeks held auctions to sell me Greeks held auctions to sell mature women to the highest biddature women to the highest bidder for the purpose of marriage. er for the purpose of marriage.
Auction typeAuction type
English auctionEnglish auction Dutch auctionDutch auction First price sealed-bid auction First price sealed-bid auction Second price sealed-bid auction Second price sealed-bid auction
What is online auction?What is online auction?
The online auction business model The online auction business model is one in which participants bid for is one in which participants bid for products and services over the products and services over the internet.internet.
The development of online The development of online auctionauction
PioneerPioneer
Japanese company AucnetJapanese company Aucnet ThriveThrive
Ebay in 1995Ebay in 1995
E-bay storyE-bay story
Echo Bay or Electric Bay?Echo Bay or Electric Bay? Founder: Pierre OmidyarFounder: Pierre Omidyar
How do online auctions How do online auctions function?function?
RegistrationRegistration Placing a bidPlacing a bid Start an auctionStart an auction Close of auctionClose of auction
Advantage of online auctionAdvantage of online auction
Increase the searching effectiveIncrease the searching effective Decrease the searching costDecrease the searching cost Decrease the negotiating costDecrease the negotiating cost