Compare and contrast surge versus congestion pricing. Provide a specific example of each currently in use.
Week 6 – Assignment Preparation for Week 7
The assignment, Case Study: Auctions and Dynamic Pricing, is due in Week 7.
For this assignment, you will answer the questions in the Case Study: Auctions and Dynamic Pricing assignment instructions. You will also be asked to refer to the video below and to provide at least three academic or high-quality business publications in your assignment submission.
The following is a great resource for additional research to complete your assignment, see Chapters 11 and 12.
For your convenience, the following resource is provided by the Strayer Library at no cost. Links to the online library resources are also available in Canvas via the Course Information page. You may also search by title in the online Strayer Library .
· McAfee, R. P. (2009). Competitive Solutions : The Strategist’s Toolkit . Princeton University Press.
If you need guidance in your research for this assignment, access the Strayer University Library ECO550 Library Guide .
For parts of this assignment, you will want to draw upon the concepts and skills of elasticity, price determination, and other topics from the Problem Sets in Weeks 4 and 6 to inform your development of this assignment submission.
Overview
Dynamic pricing is a collection of pricing strategies used by firms and organizations to enhance profits. You will begin by exploring pricing techniques that operate in the market in real time. Then you will explore how auctions are employed in the search to find the value of goods and services.
The following is a great resource for additional research to complete your assignment, see Chapters 11 and 12.
For your convenience, the following resource is provided by the Strayer Library at no cost. Links to the online library resources are also available in Canvas via the Course Information page. You may also search by title in the online Strayer Library .
· McAfee, R. P. (2009). Competitive Solutions: The Strategist’s Toolkit . Princeton University Press.
Instructions
Write a 5-7 page paper in which you:
1. Compare and contrast surge versus congestion pricing. Provide a specific example of each currently in use.
2. There are many types of auctions, each with strengths and weaknesses in uncovering the real price/value of an item. Compare and contrast how each of the following uncovers value and provide a specific example of how each uncovers value:
· The English auction and the Dutch auction.
· The sealed-bid first-price auction and the Vickery Auction.
3. Auctions are widely used. Analyze an actual auction employed by each of the following:
· A state or federal government or an agency of a state or federal government.
· A for-profit business.
· For each, explain what type of auction is employed and how the auction solves the problem of finding the best price for the good or service.
4. Read the Letter from Senator Warren to Fed on Wells Fargo FHC StatusLinks to an external site. [PDF].
· Explain how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division.
· Include a recommendation on what type of auction might be used.
5. Use five sources to support your writing, and include a minimum of three quality resources. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
Compare and contrast surge pricing and congestion pricing. Provide a specific example of each currently in use.
view longer description
48.3 to >43.46 pts
Exemplary
Compared and contrasted surge pricing and congestion pricing with real-world examples to enhance the comparisons. Provided a specific example of each currently in use.
43.46 to >38.63 pts
Competent
Compared and contrasted surge pricing and congestion pricing with real-world examples to enhance the comparisons.
38.63 to >33.8 pts
Needs Improvement
Compared or contrasted surge pricing and congestion pricing. Provided an example of one currently in use.
33.8 to >0 pts
Unacceptable
Did not compare nor contrast surge pricing and congestion pricing. Did not provide an example of either currently in use.
/ 48.3 pts
Compare and contrast how the English auction and the Dutch auction, and the sealed bid first-price auction and the Vickery Auction, uncover value. Provide a specific example of how each uncovers value.
view longer description
48.3 to >43.46 pts
Exemplary
Compared and contrast how English and Dutch auctions and how sealed bid first-price and Vickery auctions uncover value. Provided a specific example of how each uncovers value.
43.46 to >38.63 pts
Competent
Compared and contrasted how English and Dutch auctions and how sealed bid first-price and Vickery auctions uncover value.
38.63 to >33.8 pts
Needs Improvement
Compared or contrasted how English and Dutch auctions and how sealed bid first-price and Vickery auctions uncover value.
33.8 to >0 pts
Unacceptable
Did not compare nor contrast how English and Dutch auctions and how sealed bid first-price and Vickery auctions uncover value.
/ 48.3 pts
Analyze an actual auction employed by a state or federal government or an agency of a state or federal government and by a for-profit business. Explain what type of auction is employed and explain how the auction solves the problem of finding the best price for the good or service.
view longer description
46.2 to >41.57 pts
Exemplary
Analyzed an actual auction employed by a state or federal government or an agency of a state or federal government and by a for-profit business. Explained what type of auction is employed and explained how the auction solves the problem of finding the best price for the good or service.
41.57 to >36.95 pts
Competent
Described an actual auction employed by a state or federal government or an agency of a state or federal government and by a for-profit business. Described what type of auction is employed and described how the auction solves the problem of finding the best price for the good or service.
36.95 to >32.33 pts
Needs Improvement
Identified an actual auction employed by a state or federal government or an agency of a state or federal government and by a for-profit business. Identified what type of auction is employed but did not explain how the auction solves the problem of finding the best price for the good or service
32.33 to >0 pts
Unacceptable
Did not analyze an actual auction employed by a state or federal government or an agency of a state or federal government and by a for-profit business. Did not explain what type of auction is employed and explain how the auction solves the problem of finding the best price for the good or service.
/ 46.2 pts
Explain how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division. Include a recommendation on what type of auction might be used.
view longer description
46.2 to >41.57 pts
Exemplary
Explained how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division. Included a detailed recommendation on what type of auction might be used.
41.57 to >36.95 pts
Competent
Explained how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division. Included a brief recommendation on what type of auction might be used.
36.95 to >32.33 pts
Needs Improvement
Identified how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division. Did not include a recommendation on what type of auction might be used.
32.33 to >0 pts
Unacceptable
Did not explain how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division. Did not include a recommendation on what type of auction might be used
/ 46.2 pts
Include five required quality academic resources.
view longer description
10.5 to >9.45 pts
Exemplary
Included five required quality academic resources.
9.45 to >8.4 pts
Competent
Included three to four academic resources, but the resources were not of a quality nature.
8.4 to >7.35 pts
Needs Improvement
Included one to two quality academic resources.
7.35 to >0 pts
Unacceptable
Resources were not provided, or the resources were not of a quality nature
/ 10.5 pts
Write a paper that is clear, includes appropriate writing mechanics, and follows SWS formatting requirements.
view longer description
10.5 to >9.45 pts
Exemplary
Writing has very few spelling, punctuation, and grammatical errors; few fragments, comma splices, and run-ons. 0–2 errors present.
9.45 to >8.4 pts
Competent
Writing has spelling, punctuation, and grammatical errors that are distracting in a few places; few fragments, comma splices, and run-ons. 3–4 errors present.
8.4 to >7.35 pts
Needs Improvement
Writing has spelling, punctuation, and grammatical errors that are distracting in some places. 5–6 errors present
7.35 to >0 pts
Unacceptable
Writing has spelling, punctuation, and grammatical errors, fragments, comma splices and run-ons that distract from the message. More than 6 errors present.
/ 10.5 pts
Total Points: 0
Write a 5-7 page paper in which you:
6. Compare and contrast surge versus congestion pricing. Provide a specific example of each currently in use.
7. There are many types of auctions, each with strengths and weaknesses in uncovering the real price/value of an item. Compare and contrast how each of the following uncovers value and provide a specific example of how each uncovers value:
· The English auction and the Dutch auction.
· The sealed-bid first-price auction and the Vickery Auction.
8. Auctions are widely used. Analyze an actual auction employed by each of the following:
· A state or federal government or an agency of a state or federal government.
· A for-profit business.
· For each, explain what type of auction is employed and how the auction solves the problem of finding the best price for the good or service.
9. Read the Letter from Senator Warren to Fed on Wells Fargo FHC StatusLinks to an external site. [PDF].
· Explain how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division.
· Include a recommendation on what type of auction might be used.
10. Use five sources to support your writing, and include a minimum of three quality resources. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
