The Development Process and Future Prospects of Auctions

DOI

10.2991/assehr.k.211209.028How to use a DOI?

Keywords

Dutch auction; English auction; future prospects; development process; online auction

Abstract

The article focuses on the development process of the different types of auctions. Later the paper further discussed two types of auction: Dutch auction and English auction, and then compared the differences between Dutch auction and English auction to help people better apply these two types in reality. Based on this information, the article predicted the prospects of the auction. Thereby, people can prepare for future auctions sooner. This paper mainly uses the literature to review the development and features of auctions and claims that the live auctions will be moved online in the future due to the spread of the internet and Covid 19. Moreover, the revenue equivalence theorem is also reviewed to better understand the auction in general. Thus, people should create more auction websites to cope with the huge demand in the future, and people should adapt to the online forms as soon as possible.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yibing Jiang
PY  - 2021
DA  - 2021/12/15
TI  - The Development Process and Future Prospects of Auctions
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 176
EP  - 181
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.028
DO  - 10.2991/assehr.k.211209.028
ID  - Jiang2021
ER  -