write on Fish Auction
From the syllabus: “In approximately 5 pages, you will describe a historical or contemporary example of an auction, how it is conducted, and how it relates to the theoretical models and concepts that we have studied in class.” Here is some additional information
Some of the goods sold at auction include stamps, timber, fish, flowers, cars, art and wine, radio spectrum licenses, and abandoned storage units. They are used for procurement (these are sometimes called “reverse auctions”), for entertainment (Swoopo is one example of these “penny auctions”), and in takeovers of companies.
You may write about one of the auctions mentioned here, if you wish, but you are also encouraged to seek different topics and additional sources. I hope to read about a variety of auction applications when I read your papers – perhaps some that I have not heard of before.
Two warnings on topic selection:
1. I recommend against choosing eBay auctions your project topic. I would prefer for you to learn about a different auction application, so that you can expand the range of your knowledge about auctions. If you want to write about eBay, you will have to investigate beyond the basic questions listed in the next section – feel free to consult with me if you have in mind a specific research topic.
2. If you choose as your topic a slave auction, you must take extra care to write with sensitivity, demonstrating to the reader that you comprehend the moral as well as the economic dimensions of such an event.
Here are some questions that can help guide you as you learn about your chosen topic. Don’t let the length of this list intimidate you! It is meant to help you get started in your thinking and researching. You do not have to answer all of these questions, and you may find that there are other aspects of the auction that are important to discuss.
3. Auction Rules and Outcomes
Length: 5 pages (1375 Words)
Throughout the history, auctions have been in existence dating back to as early as 500 BC where babylonians used to auction for wives. They have been used to buy and sell commodities where a seller accepts the highest bidded price. Going forward to the slave auctions in the Roman empire, they were aimed at liquidating the assets from debtors who had defaulted and had their assets held. This essay will particularly elaborate on the dynamics of fish auctions.
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