E - Auction

+

It can occur

between

B2B

B2C

C2C

G2C

G2B

Types of Auctions

Forward Auction Reverse Auction

Reverse Auction

Forward Auction

Types of Auction

English Auction

Price

Dutch Auction

Price

Japanese Auction

Price

Advantages

• Increased Revenues

• Lower Transaction and Administrative Cost

• Market Transparency

• Opportunities to find Unique Products

• Anonymity

Disadvantages

• Shilling

• Bid Shielding

• Misleading Information

• Loss/Damage Claim

• Fraud

Precautions

• Familiarise with the Auction Website

• Learn before Bidding

• Be careful about Personal & Financial Info Disclosure

• Save 100% Transaction Info

• Smell out Fraud Early

Thank You