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Internet Auctions and their
Economic leverage

Table of content:

1. Introduction

2. Internet auctions

2.1 Electronic marketplaces

2.2 The process of price determination

2.3 Impact on supply and demand

3. Benefits and disadvantages

3.1 The results for supplier and consumer surplus

3.2 Opportunities of fraud


4. Conclusion


5. References

6. Figures

1.Introduction

In recent years the availability of the internet has increased at a rapid pace and almost everyone in the western world has now access to the internet in some way. In accordance with the growing accessibility of the internet, the use of electronic market places, especially of internet auction platforms, has become more and more popular. Particularly small businesses and consumers started to engage in auctions on platforms like e-Bay and OnSale. e-Bay's company update (06. 2006) shows that they currently have 203 million registered users around the globe, which is a market share......

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Approximate Word Count: 2558
Approximate Pages: 11 (250 words per double-spaced page)

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