Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

The Development Process and Future Prospects of Auctions

Authors
Yibing Jiang1, *
1Beijing 101 High School International Department, Beijing, China
*Corresponding author. Email: guanghua.ren@gecacdemy.cn
Corresponding Author
Yibing Jiang
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.028How to use a DOI?
Keywords
Dutch auction; English auction; future prospects; development process; online auction
Abstract

The article focuses on the development process of the different types of auctions. Later the paper further discussed two types of auction: Dutch auction and English auction, and then compared the differences between Dutch auction and English auction to help people better apply these two types in reality. Based on this information, the article predicted the prospects of the auction. Thereby, people can prepare for future auctions sooner. This paper mainly uses the literature to review the development and features of auctions and claims that the live auctions will be moved online in the future due to the spread of the internet and Covid 19. Moreover, the revenue equivalence theorem is also reviewed to better understand the auction in general. Thus, people should create more auction websites to cope with the huge demand in the future, and people should adapt to the online forms as soon as possible.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.028
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.028How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Yibing Jiang
PY  - 2021
DA  - 2021/12/15
TI  - The Development Process and Future Prospects of Auctions
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 176
EP  - 181
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.028
DO  - 10.2991/assehr.k.211209.028
ID  - Jiang2021
ER  -