Auctions and Dynamic Pricing
Address the following questions in 5–7 pages:
- Compare and contrast how each of the following uncovers value:
o English and Dutch auctions.
o 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:
o The need for an auction to uncover value in the product or service.
o 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.
Sample Solution
case. This is called ‘positive action’. It means a school can lawfully provide additional education, benefits, facilities or services, separate facilities, targeted resources or opportunities to benefit pupils with disabilities only, and your school can offer them on more favourable terms’. Hills (2012 p 27) Reasonable Adjustments for SEN students schools An important effect of the EA with regards to SEN students and provision is the requirement for schools to ‘advance equality of opportunity’ between pupils with disabilities and their non-disabled peers. Reasonable adjustments can be a good way of addressing this issue. Under the EA schools and education authorities have a duty to provide reasonable adjustments for all disabled students since 2002, originally under the DDA (1995) and from October 2010 under the EA. From September 2012 the reasonable adjustments duty for schools includes a duty to provide auxiliary aids and services for disabled pupils. The EA (2010) states that schools have a duty, which is now legal, to take positive steps to make sure that pupils with disabilities are able to participate in all aspects of school life. If schools fail to make reasonable adjustments to ensure that disabled and non-disabled pupils have equal access in admission arrangements and to education services then this would be viewed as unlawful. The reasonable adjustments duty requires schools: To have vision and values based on an inclusive ethos. This allows all involved within the school to effectively act upon and make reasonable adjustments To anticipate the barriers that disabled pupils may face by actively identifying barriers as early as possible and exploring solutions. A school can then identify more effective reasonable adjustments. To remove or minimise them before a disabled pupil is placed at a substantial disadvantage. The Reasonable Adjustment Duty demands that schools foresee the necessary changes to fulfil the requirements of disabled students both in policies and practice. Senior managers and Head teachers are required to make reasonable adjustments with strong values and vision. The scho>
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