HOW TO SUCCEED
Auctions
Alternative Role
Commodity auctions are by far the most important since the bidders cover the entire spectrum from small businesses all the way up to institutions. Examples include:
Car auctions – In which car-dealers purchase used vehicles, sometimes regardless of condition, for onward sale to the public or enthusiasts
Debt auctions – In which governments sell securities, such as bonds, to investors. The auction is usually sealed and the price paid by investors is typically the best non-winning bid. In most cases, investors can also place what is called non-competitive bids which would indicate their interest to purchase the particular security at the resulting price, whatever that price might eventually turn out to be
Environmental auctions – Large companies bid for licenses in order to formally ascertain the level of impact that their operations will be allowed to have on the environment
Electricity auctions – In which generating companies and corporate consumers of electricity bid on generating contracts
Timber allocation auctions – Involving forest auctions whereby companies purchase timber directly from the government
Timber auctions – In which designated companies tender for licenses in order to log on forestry land that is owned by the government
Private electronic markets – Using combinational auction techniques to sell specified commodities, such as water, coal, grain, to designated buyers
Spectrum auctions – In which large companies purchase licenses for specific requirements in relation to various forms of communication, such as mobile phone networks
Sales of businesses – This may be for opportunistic reasons or as a result of its position due to natural growth
Auctions – How To Succeed
Peter Radford writes Articles with Websites on a wide range of subjects. Auctions articles cover History, Types, Timing, Bidding, Opening Bid, Uses, Alternative Role.
Website has many more.
View his Website at: auctions-how-to-succeed.com
