CXN: A Case Study

CXN is a startup company which is designing an Internet-based exchange mechanism tosell new consumer products (such as televisions) in a new and efficient manner. Itintroduces a variant of the standard English auction, in which sellers are the bidders andthe single buyer is the auctioneer. CXN uses information technology and the Internet todepart from standard English auction methodology. Major differences include thesupport of asynchronous bidder participation, the continuously running...