There are many types of auctions, each with strengths and weaknesses at uncovering the real price or value of an item. Auctions are widely used in finance, e-commerce, and e-games. They are also widely used to generate revenue for not-for-profit organizations. The following video describes auctions as price discovery mechanisms:The Ideal Auction.Use the video on auctions and at least three academic or high-quality business publications (see acceptable types below) to compare and contrast English auctions and Dutch auctions, and sealed-bid first-price auctions and Vickery auctions.InstructionsAddress the following questions in 5–7 pages:Compare and contrast how each of the following uncovers value:English and Dutch auctions.Sealed-bid first-price auctions and Vickery auctions.Compare and contrast surge pricing and congestion pricing. Give an example of each currently in use.Identify three examples of auctions used in finance, e-commerce, and/or e-games. Explain the following in-depth:The need for an auction to uncover value in the product or service.How the type of auction used to uncover the value of the product or service is better at uncovering value than other types of auctions.What are the advantages or disadvantages of auctions as revenue generators for not-for-profit organizations?Suggest ways in which a for-profit company, such as the company for which you work or a company for which you aspire to work, can use auctions or dynamic pricing to better uncover value and increase revenue.This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.Acceptable Types of PublicationsA high-quality, professional business publication is one that is primarily directed at reporting or analyzing the workings of the business. Examples are the Wall Street Journal, Bloomberg, and Reuters. Avoid general news publications such as USA Today, the Washington Post, and the New York Times. Other articles and resources can be found at the Strayer Library.Please do not rely on Wikipedia, Investopedia, or similar websites as references at any time in this course.The specific course learning outcome associated with this assignment is:Propose ways in which a company can use auctions to better uncover value and increase revenue.

Notes:(a) This is the main philosophical writing of each student. Your term paper is due by midnight/23:59 of 18 January 2019 (Friday) [in electronic version of the MS Word file to be submitted in “Dropbox for Term Papers” at the class website](b) The length of the main text of the term paper is 5 full pages (typed, double-spaced, Times New Roman font with size 12, 1-inch margin–thus around 300 words each full page, total 1500 words) but no more than 6 full pages.(c) The citation references (say, for the two distinct engaging approaches under your examination) should be put in a separate part “References” at the end of the paper (after the main text part). [The citation- reference-giving format: <1> in the main text: say, “…([family name][cited material’s publication year], [page number])…” – for example, “…(Smith 2015, 30)…”; <2> in “References”: see the format of the entries in “Subject Bibliography” of the textbook Chinese Philosophy A-Z.(d) As for how to write philosophy papers, endeavor to follow those guidelines given in Reading #20 of Course Reader, “Some Suggestions for Writing Philosophy Papers” (by Martin Benjamin)Term paper topic: Explain how the Yin-Yang way of thinking (the Yin-Yang model of interaction and transformation) together with the Hegelian model can help you look at distinct approaches to one issue in philosophy, or one issue in your own area of study, or one issue/event in public areas of contemporary times.Required steps/contents and hints:(1) Briefly present major points of the Yin-Yang way of thinking, especially its distinct crucial features in contrast to the distinct crucial features of the Hegelian model (also briefly presented), as they are specified and explained in this class. [1.5 pages](2) Identify one issue (as “the object of study” under your examination, either in philosophy, or in your own area of study, or in public areas of contemporary times) to which there are two distinct engaging approaches under examination, and briefly present each of the two distinct approaches, distinguishing each one’s “perspective” dimension (i.e., its own working perspective pointing to some aspect of the issue in its focus) and its “guiding-principle” dimension (i.e., its attitude towards the relation between its own working perspective and the other perspective from the other approach, if any). [1.5 pages](3) Apply the Yin-Yang way of thinking together with the Hegelian model to give your analysis of how we should “adequately” look at the relation between the “perspective” dimensions of the two approaches [whether or not each of these two distinct perspectives is “eligible” (i.e., capturing some aspect really possessed by the issue), and, if yes, how they can jointly or complementarily contribute to your understanding and treatment of the issue under examination], in view of one (or more than one) of the suggested “adequacy” conditions for how to maintain “adequate” methodological guiding principles to look at distinct perspectives (as given in Part 3 of Reading #1, pp.31-4). [2 pages]