E-commerce Online auction.
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Motivation and Objective Among diverse patterns of e-commerce Online auction combined traditional auction with internet and new technology is growing rapidly. Online auction sites provide a market place for both vendors and consumers to communication and make transaction. Utilize the web as the media can reduce the cost of transaction. Online auction become a promising e-commerce pattern in the 21centry. More and more auction websites have been set up and millions of people are attracted to the new shopping model. C to C and B to C are occupying the major proportion of online auction. However, B to B auction sites will play a more important role in the next 10 years. In Introduction An auction is a market of buyers and sellers. Typically, multiple buyers compete to obtain one or more items from one seller. The bidding process determines the sale price, which cannot be predicted with certainty by either the...

