Auctions and Bidding on the Internet: an Assessment

Abstract

Electronic commerce (EC) activities are growing rapidly on the internet. One area that receives little publicity is that of auctions and bidding. However, these interrelated activities can become a major EC factor due to the creation of special online brokering services as well as electronic auctions and bids offered directly by private and public organizations. This paper provides a discussion of the benefits and a description of the goods and services traded.