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UoL CS Notes

Alternatives to Auctions

COMP315 Lectures

One-on-one Negotiations

This is hard to do automatically, but often useful for relatively high value items.

Fixed Prices (Your Choice)

Set prices the way you want. Some analysis of price elasticity and competition will be needed.

Fixed Prices (Not Your Choice)

Some times you have to accept others setting the price for you.

Dynamic Prices

You can use bots to automatically set your prices to increase or decrease depending on:

  • Time
  • Demand