Eco 550 managerial economics and globalization Study guides, Class notes & Summaries

Case Study 1: Auctions Name Professor ECO 550: Managerial Economics and Globalization Date The English Auctions vs. the Dutch Auctions In an English auction, bidders openly bid against each other in efforts to acquire property. The bid increases progressively, and the sale is made to the highest bidder (Klemperer, 2018). On the other hand, the Dutch auction involves the gradual decrease of a property price and the sale manned to the first bidder to take the price. Although the two foll...

Case Study 2: Cases Analysis of Risk, Uncertainty and Managing Incentives Name Professor ECO 550: Managerial Economics and Globalization Date In any business venture, the existence of risks and uncertainties is a factor that needs close consideration and management. The management of risks and uncertainties is vital for any business as it ensures that the organization’s resources are well protected for the long run. Risk often portrays itself as the potential occurrence of loss to a co...

ECO 550: Managerial Economics and Globalization /ECO 550 Case Study 1: Auctions.The English Auctions vs. the Dutch Auctions In an English auction, bidders openly bid against each other in efforts to acquire property. The bid increases progressively, and the sale is made to the highest bidder ( Klemperer, 2018). On the other hand, the Dutch auction involves the gradual decrease of a property price and the sale manned to the first bidder to take the price. Although the two follows a different form...

Assignment ECO 550 Case Study: Auctions and Dynamic Pricing ECO 550 Managerial Economics and Globalization Introduction There are many different types of auctions that are used for a seller to sale their items. Some auctions are anonymous, and some are public. Companies also use two different pricing methods, surge, and congestion pricing, to know when a price needs to be increased for better profits. Auctions assist the seller in finding the best value for their product and can be used i...

Case Study 2-Case Analysis of Risk & Uncertainty and Managing Incentives docs