twinIsles.dev : the Information Age and its wider implications

Small and Home Based Business Opportunity

What is the Information Age?
Auction Pricing Models

Auction Pricing Models

  • Mass market items
    • Price starts just above breakeven point (seller wouldn't sell for less)
    • Price stops just below retail price (buyer won't exceed what he could get it for conventionally)
  • Unique items
    • Auction (perceived as) more efficient determinant of market price
    • Process is public - many buyers can see what each other are doing
 

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