can i get a report on this topic pls. thank u
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An online auction is an auction that takes place over the internet. Online auctions come in many different formats, but the most popular are upward English auctions, downwardly priced Dutch auctions, first-rate Vickrey auctions, Vickrey auctions or even a combination of multiple auctions, taking elements of one And forging them with another. The scope and scope of these auctions have been driven by the Internet at a level beyond what initial vendors had anticipated. This is mainly because online auctions break down and eliminate the physical limitations of traditional auctions, such as geography, presence, time, space and a small target audience. This influx of accessibility has also facilitated the commission of illegal actions in an auction. In 2002, online auctions are projected to account for 30% of all online e-commerce due to the rapidly expanding popularity of e-commerce form.
History
Online auctions were conducted even before the launch of the first personal computer web browser, NCSA Mosaic. Instead of users selling items via the Web, instead, they exchanged text-based newsgroups and discussion lists by email. However, the first Web-based commercial activity with respect to online auctions that made significant sales began in May 1995 with Onsale. In September of that same year eBay also began to negotiate. Both companies used the upstream offer. The Web offers new advantages such as the use of automated offers through electronic forms, a search engine to quickly find articles and the ability to allow users to view articles by categories.
Online auctions have greatly increased the variety of goods and services that can be bought and sold through auctioning mechanisms along with expanding the possibilities the forms of auctions can be made and generally created new uses for auctions. In the current web environment there are hundreds, if not thousands, of websites dedicated to online auction practices.