This work deals with online auction. Domestic work is divided into four parts. In the first part, traditional auctions are defined in more detail. After the basics of the topic have been presented and the different auction types have been described, online auctions are worked out from this understanding in the second of this work and how online auctions deal with the traditional auctions Distinguish. In the third part of this work, different competitive markets are explained in order to deal with eBay. After the company was summarized, the fourth part of the work follows, where the German Auction Laws are discussed.
The auction is a popular way to put used items up for sale over the internet. Anyone who buys goods at an online auction will then be delivered via the shipping route. With 177 million active users, eBay is one of the largest and most dynamic online auction houses in the world. But eBay is far from the only online auction house. In addition to eBay, the best-known charts of online auctions include MyHammer and Hood.de, as well as many other auction platforms.
Inhaltsverzeichnis (Table of Contents)
- About the Auction markets
- What is an Auction
- History of Auctions
- Types of Auctions
- English Auction
- Dutch Auction
- First-price sealed-bid auction or blind auction
- Vickrey-Auction or Second Price Sealed Bid Auction
- Online Auction
- Development of the online auction
- Differences between traditional auctions and online auctions
- Creation of online auctions
- Different Competition Markets
- Competition
- Perfect Competition Market
- Monopolistic Competition
- Oligopoly
- Monopoly
- The Online auction platform eBay
- Company history and economic data
- German laws of auctions
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This work aims to analyze online auction platforms, specifically eBay, within the framework of perfect competition markets. It explores the evolution of auctions from traditional methods to online platforms, highlighting key differences and the impact of online formats. The analysis considers relevant German auction laws and provides an overview of various competitive market structures.
- The evolution and characteristics of auction markets.
- The differences between traditional and online auctions.
- The application of competitive market models to online auction platforms.
- An overview of eBay as a case study within the online auction market.
- Relevant German auction laws and regulations.
Zusammenfassung der Kapitel (Chapter Summaries)
About the Auction markets: This chapter introduces the concept of auctions, defining them as consumer-to-consumer sales where bidders compete to purchase a product or service at the highest price. It distinguishes between traditional auctions held in physical locations and online auctions conducted via the internet. The chapter then delves into the historical development of auctions, tracing their origins from ancient times to the modern era, highlighting the evolution from simple exchanges to sophisticated systems, including the rise of specialized auction houses and the use of mail-in bids. The discussion also briefly covers the various types of auctions, laying the groundwork for a deeper examination in subsequent chapters.
Online Auction: This section explores the emergence and characteristics of online auctions. It details how online auctions have developed, transforming the traditional auction process by leveraging technology to reach wider audiences and facilitating a more efficient bidding system. A central theme is the comparison and contrast between traditional and online auctions, analyzing their similarities and differences in terms of accessibility, transparency, and competitive dynamics. This analysis sets the stage for the following examination of eBay as a prominent example of an online auction platform.
Different Competition Markets: This chapter provides a background on different competitive market structures, setting the theoretical framework for analyzing eBay's market position. It defines and explains various models, including perfect competition, monopolistic competition, oligopoly, and monopoly. This serves as a crucial context for understanding how eBay operates within a competitive landscape and the factors influencing its pricing strategies, market share, and overall success. The discussion emphasizes the relevance of these models in the context of the online auction industry.
German laws of auctions: This chapter focuses on the legal framework governing auctions within Germany. It provides a detailed analysis of the relevant laws and regulations that impact auction practices and the rights and responsibilities of buyers and sellers within the German context. This section underscores the legal considerations for anyone operating within the German online auction market, particularly online platforms like eBay. The significance of these laws in ensuring fair and transparent auction processes is highlighted.
Schlüsselwörter (Keywords)
Auction markets, online auctions, eBay, perfect competition, competitive markets, traditional auctions, German auction law, online platforms, bidding strategies, economic analysis.
Frequently Asked Questions: A Comprehensive Language Preview of Auction Markets
What is the main focus of this document?
This document provides a comprehensive overview of auction markets, focusing specifically on the transition from traditional auctions to online platforms, with a case study on eBay. It analyzes these markets within the framework of different competitive market structures and relevant German laws.
What topics are covered in the "Table of Contents"?
The table of contents covers the following key areas: An introduction to auction markets (including types of auctions), online auctions (development and comparison to traditional auctions), different competition market structures (perfect competition, monopolistic competition, oligopoly, monopoly), the eBay online auction platform (company history and economic data), and German auction laws.
What are the main objectives and key themes explored?
The main objectives are to analyze online auction platforms like eBay within the context of perfect competition, examine the evolution of auctions, and assess the impact of online formats. Key themes include the characteristics of auction markets, differences between traditional and online auctions, application of competitive market models, a case study of eBay, and relevant German auction laws.
What does each chapter summarize?
The chapter summaries provide detailed overviews of each section. The "About the Auction Markets" chapter introduces auctions and their history. The "Online Auction" chapter discusses the development and characteristics of online auctions. The "Different Competition Markets" chapter explains different market structures. Finally, the "German Laws of Auctions" chapter covers the legal framework for auctions in Germany.
What are the key terms used throughout the document?
Key terms include: Auction markets, online auctions, eBay, perfect competition, competitive markets, traditional auctions, German auction law, online platforms, bidding strategies, and economic analysis.
What types of auctions are discussed?
The document discusses several types of auctions, including English auctions, Dutch auctions, first-price sealed-bid auctions, and Vickrey auctions (second-price sealed-bid auctions).
How does the document compare traditional and online auctions?
The document compares traditional and online auctions in terms of accessibility, transparency, and competitive dynamics, highlighting the advantages and disadvantages of each.
What role does eBay play in the document?
eBay serves as a primary case study to illustrate the concepts and theories discussed regarding online auction platforms within different competitive market structures.
What is the significance of German auction law in this context?
The document emphasizes the legal framework governing auctions in Germany, focusing on how these laws impact auction practices and the rights and responsibilities of buyers and sellers in the German online auction market.
What kind of audience is this document intended for?
This document appears intended for an academic audience interested in the economic and legal aspects of auction markets, particularly online auction platforms.
- Arbeit zitieren
- Angelika Brilz (Autor:in), 2018, The online auction market eBay. Why is online auction a perfect competition market?, München, GRIN Verlag, https://www.grin.com/document/514055
