Proxibid and Shopgoodwill.com are two online auction websites that have many things in common when it comes to their operating rules. Both require buyers to first register as a buyer before bidding on their site. Buyers are able to browse through different auction categories and participate in different types of auctions. When the buyer finds an item that he wishes to buy, the buyer can place a bid. For the bid, the buyer has to fill out how much he is willing to pay for the item and must also input the password that allows the buyer access to the site. The buyer then can receive three possible confirmation emails notifying them if they are a“highest bidder,” have been “outbid,” or are “not allowed to bid.” If the buyer has bid the most …show more content…
Reserve Price, Dutch Auction and a Buy Now Auction are the main auction types at Shopgoodwill.com. Reserve Price is when the seller sets a price that the buyers have to meet in order for the item to be sold. If the price is not met, then the item is not to be sold and will be listed as “Reserve Not Met.” A Dutch Auction has two or more of the same items for sale, and the Buy Now Auction means that the buyer can buy the object at the given price immediately. Proxibid, on the other hand, allows for Live Auctions. Live auctions can take place anywhere in the world when sellers upload their inventory in advance to the bidding day to allow pre-bids. Once the live auction starts, bidders can compete with other bidders in real time. This site also has Timed Auctions, where the auction has a deadline and the buyer who has the highest bid at the end of the time period wins the auction. Sellers can also allow for an Extended Bidding time so that more buyers have a chance to bid. This site also allows buyers to participate in multiple auctions at once. Even though the two sites may have different auction types, they follow very similar procedures so that the buyers can have a fun and relaxing
The shopkeeper’s privilege does not protect Walmart from liability under the circumstances of the case. Although Navarro had the right to exercise shopkeeper’s privilege, Navarro had not enough evidence to consider Cockrell as a suspect and it is not reasonable that Navarro asked Cockrell to take off the bandage. According to the merchant protection statutes, merchants can stop, detain, and investigate suspected shoplifters without being held liable for false imprisonment if (1) there are reasonable grounds for the suspicion, (2) suspects are detained for only reasonable time, and (3) investigations are conducted in a reasonable manner (Cheeseman, 2015, P.87). Navarro was not fulfilled for the third condition because the investigation is unreasonable on putting the suspect in a risk of death. Since there was a risk of bacterial infection and it may cause death after the wound area exposed under the air, Navarro should
The english auctioning process is followed at the beginning of the action process seller agent chooses an initial price and announces the quantity $ { Q }_{m}$ . Each agent has a minimum sell price which is determined by the cost function of individual agent, the minimum sell price is $ \left\{ { sp }_{ 1 },{ sp }_{ 2 },{ sp }_{ 3 },......{ sp }_{ m } \right\} $.
Where a search plan is online and can be imperative and choosing through this stores buys makes offers which you are in search for and attainment of on web based trading through Boden makes choosing of cut rate items you have gains with that are results always adopted when you find a suitable discounted method acquirable in store purchases you are intentional to get from this online store.
Question 1: What were the rights of Walmart, the employer, during these two organizing drives?
Shoppers Drug Mart is one of the biggest retail drug stores in Canada, founded in 1962 by Murray Koffler. The first Shoppers Drug Mart opened up in Toronto, Ontario and over the past 50 years it has continued to evolve into what it is today. There are now more than 1307 Shoppers Drug Mart’s across Canada making it Canada’s leading drug retailer. In the summer of 2013, Loblaw Companies proposed a $12.4 billion dollar deal (cash and stocks) to acquire Shoppers Drug Mart. The deal was approved and completed by both shareholders and the competition bureau on March 28st, 2014, joining two of Canada’s biggest retailers. Shoppers drug Mart's chairman, Holger Kluge, and Loblaw Companies Ltd. chairman, Galen Weston, have known eachother for quite a
There are many auction sites in the market thus you need to search so as to determine the best, you can have a list of these sites and rate them according to your own understanding and services offered. You however you need to determine your options before making any move.
Ingram Micro estimates that the auction prices it receives on the auction site averages about 60 percent of the items’ costs.
However, the goods and services sold on eBay can be considered perfectly competitive. There is a multitude of buyers, or producers, and consumers have options with substitutes. Most of the products sold within their category are similar and for the quality of the product, they are typically within the same price range of one another, and each individual seller chooses their price based on other similar goods sold on the site.
Goodwill Industries make sales online. They have created online bidding sites that require bidders to register online in order to browse, place bid and be able to buy any item that is available for sale. This site normally notify bidders whenever they are outbid on an item and
What drives bids up in an auction is the irrational behavior of the participants. The emotional desire to win drives the bids high, and the fear of losing drives them higher.
Before the friend starts her own version of a site that automatically searches other websites for user's, she needs to review the case law carefully. Bidder's edge was visiting sites such as eBay for the purpose of comparison shopping. eBay's customers were coming there for the purpose of shopping. eBay is a web-site devoted to e-commerce. Normally eBay's customers can and usually do buy anything that is sold on the eBay auction site. Of course, they can also perform searches, which is provided for on eBay web-site. Bidder's Edge performed automated search processes on eBay and other e-commercial web-site. Thus Bidder's Edge made a nonstandard access to eBay's site that the eBay company did not want. They were afraid of overloading their server if many other companies did the same that Bidder's Edge did. They were also afraid of loosing business. Further, besides the trespass issue, this was an express violation of eBay's user agreement that all users consent to before they are allowed access to the eBay site. Because eBay saw this as a threat to any possible competitive advantage which their sellers of products could establish through the use of the online marketplace. It could severely reduce any given seller's bargaining power and thus make eBay unpopular with those sellers as the marketplace of choice. Certainly, if Bidder's Edge practice were to become too
Milgrom and Weber [13] have shown that the English auction dominates all other auction formats in terms of seller 's expected profit, when the comparison is restricted to symmetric equilibria. Myerson [14] and Riley and Samuelson [15] explain that if the buyers are risk neutral and have independently and identically distributed private values, then, for the majority of probability distributions, the seller 's expected profit is maximized making it the optimal bidding strategy. The item is awarded to the buyers with the highest value, and any buyer whose value is lower than an optimally set threshold receives zero expected surplus. These two conditions, however, are satisfied by a large array of trading mechanisms, including each of the standard auctions all with the same seller 's reserve price.
There are different types of auction design used and according to revenue equivalence theory, no matter what auction design is used; expected revenue will be the same if bidders are risk neutral; each auction design is equally profitable.
The company eBay Inc. is an American multinational Internet consumer-to-consumer corporation. Founded in 1995 by Pierre Omidyar in San Jose, California, it is now a multi-billion dollar business with operations localized in over thirty countries including China and India. It’s main enterprise is eBay.com, an online auction and shopping website that allows people and businesses to buy and sell a broad variety of goods and services internationally. Millions of collectibles, décor, appliances, computers, furnishings, equipment, domain names, vehicles, services, intangibles and other miscellaneous items are listed, bought, or sold daily on eBay. Anything can be auctioned on the site as long as it is not illegal and does not violate the eBay’s Prohibited and Restricted Items policy.
I have chosen to use TradeMe as my case. TradeMe is an online website that connects sellers to buyers and also buyers to sellers. TradeMe is the middle man or connection between both parties. The selling of goods or services works through an auction system instead of the classic, one price and that is it. This system benefits both buyers and sellers, the buyer can get products for cheap and sellers could also get a lot more than anticipated from their goods or services. TradeMe is a New Zealand based website and has quickly became a very popular site, having over 3.9 million active users, and 7.7 thousand people visiting the site every day (TradeMe, April 2016).