Importantly, in the foreground "soft" format, cutting the supply, which is the offer during the last seconds or minutes on a topic, as it eliminates the auction remains open while the offers are being made. Professor Rita McGrath pursues this goal as well. In an attempt to minimize scrap supply and provide more of a closure "soft" feature to its close "hard" auctions, eBay allows bidders to use "automatic bid." In the automatic bid, a bidder enters the highest price they are willing to pay for an item in which the first offer. The offer starts at the lowest possible level and increases automatically only if its initial offer was equal lowest. For more in-depth information on the "capacity automatic eBay bid go here. Amazon.com now offers a feature for their auctions called" Going, Going, Gone.
"The Going, Going, Gone" property is extended to end of auction for 10 minutes if a bid is effectively creating a "soft" Close ". For more information about" Going, Going, Gone "on the basis of the Amazon go here. / / # going-gone Since perspective buyers close "hard" format is preferable because it may be able to make a final offer before others may react, possibly win the auction at a lower price. For sellers, a close "soft" format offers the opportunity to realize the maximum price of an item by removing the time restrictions for an auction. While bidders are bidding in the auction is still open. Dutch Auction As you may have guessed, the concept of the Dutch auction originates in the Netherlands.