In Internet can not only shop from home, but can also participate in various forms of online auctions all kinds of products.
can get real bargains !
I'll try to explain which are the auctions and how some of the different types of online auctions and the rules for determining the winner and the selling price.
What are the auctions?
An auction is a buy or sell a certain set of rules that specify how resources are allocated or product as its price is determined according to The bids of the participants.
In auctions there are several interested in buying the product to achieve this by competing bids.
traditional auctions
are also known as ascending price auctions or English.
auctions are older, the "whole life."
Auction starts with a minimum price. If more than one bidder willing to pay is increased until there is only one buyer.
In this type of auction participants make bids, which makes up the price of the product. Finally, the bidder who made the highest bid before the end of the auction time is who get the goods / products from the last bid price.
descending price auctions
or Dutch Auction begins by announcing a high enough price. The auctioneer announced lower prices until a bidder indicates its willingness to buy, or until a minimum selling price (reserve price). The auctioneer may charge an entry fee to participate in the sale.
Currently there are many combinations and patterns of online auctions, today I have explained some of them.
can get real bargains !
I'll try to explain which are the auctions and how some of the different types of online auctions and the rules for determining the winner and the selling price.
What are the auctions?
An auction is a buy or sell a certain set of rules that specify how resources are allocated or product as its price is determined according to The bids of the participants.
In auctions there are several interested in buying the product to achieve this by competing bids.
traditional auctions
are also known as ascending price auctions or English.
auctions are older, the "whole life."
Auction starts with a minimum price. If more than one bidder willing to pay is increased until there is only one buyer.
In this type of auction participants make bids, which makes up the price of the product. Finally, the bidder who made the highest bid before the end of the auction time is who get the goods / products from the last bid price.
descending price auctions
or Dutch Auction begins by announcing a high enough price. The auctioneer announced lower prices until a bidder indicates its willingness to buy, or until a minimum selling price (reserve price). The auctioneer may charge an entry fee to participate in the sale.
Currently there are many combinations and patterns of online auctions, today I have explained some of them.
