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Shill-Bidding in Mastro Auction Scams

https://www.cnbc.com/2017/08/18/that-baseball-card-in-the-attic-can-be-worth-a-fortune-if-you-play-your-cards-right.html Sports have always been a crucial part of American culture. As a result, collecting memorabilia naturally became a hobby for sports fans throughout the nation. When the internet became available for commercial use, online auction houses helped open up a bigger market for collectors. During the 1990s and early 2000s, Mastro Auctions was one […]

Google’s Ads Used by Russians in 2016 Election

https://www.washingtonpost.com/news/the-switch/wp/2017/10/09/google-uncovers-russian-bought-ads-on-youtube-gmail-and-other-platforms/?utm_term=.b017758cd533   I really found this story interesting and goes along with the lectures currently. This story is about Russians exploiting Google’s advertisement platform for interfering with the 2016 election. Google has found that thousands of dollars have been used for this agenda. Google currently runs the world’s largest online advertising business, so it has […]

Matching in Ithaca’s Rental Market: Can it Ever be Perfect?

The rental market in Ithaca is arguably one of the most stringent real estate markets in the country. There is a plethora of students seeking off campus housing, in Collegetown, Cayuga heights and other neighborhoods around Cornell. Students must begin searching for apartments or houses sometimes more than a year in advance of moving in. […]

Structural Balance in International Relations

For the longest of time, China was the only developed nation that had maintained diplomatic relations with North Korea. This put China in a position of great power as they were the only nation that had an understanding of what was going on in the nation and could work to negotiate peace in the region. […]

Facebook encouraged political polarization with advertisement auctions

This article is about how Facebook treated political ads like commercial ads during the 2016 presidential election. Facebook’s auction-based system that “dynamically, and unpredictable,” changes ad prices. Users were more likely to see ads that were in line with the political view they already had, meaning that Facebook effectively created echo chambers that pushed users […]

High-End Art Auctions

There is an ever-increasing technological space in the modern era. With exponential growth of new technology and increasing usage of the Internet and all that entails, almost every industry across international waters is being affected and must adapt. However, art auctions remain, for the most part, unchanged. People still want to view the art in […]

How Auctions Impacted Facebook and the 2016 Election

In the wake of the 2016 Presidential Election, more and more information has been revealed detailing Russian attempts to use various social media platforms to target certain demographics. One of the key facets that made this easier was the fact that Facebook used an auction system to decide what ads would be shown. The article […]

eBay killing original auction concept?

Article : https://tamebay.com/2017/10/new-make-offer-feature-launches-ebay-auctions.html   Earlier this week, eBay baffled its users by adding a “Make an Offer” feature to its auctions. To some, the feature seemed like a glitch, however, to others the feature served as an eBay’s signal when it determines that a starting bid on an auction is set high. Rather like with Best […]

Why market clearing price is necessary

In today’s world, the main methods of transportation relies primarily on petroleum oil. Not only is petroleum one of the most important natural resources, many economies all over the world such as Saudi Arabia heavily depend on oil production. Those that do not depend on oil production and prices nevertheless use oil for fuel. For […]

Bidding in Online Shopping

http://hbswk.hbs.edu/item/amazon-ebay-and-the-bidding-wars This article discusses the culture of online bidding on websites such as Amazon and Ebay in 2005. In particular, the article focuses on the advantages of late bidding, also known as “sniping,” in which bidders wait until just before the bidding deadline to place their bid. It was found that sniping is often a […]

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