The importance of auctions for agroindustrial products trade

Prdić, Nedeljko and Kuzman, Boris (2019) The importance of auctions for agroindustrial products trade. Ekonomika: međunarodni časopis za ekonomsku teoriju i praksu i društvena pitanja, 65 (1). pp. 107-116. ISSN 0350-137X

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Abstract

The aim of this paper is research of the importance of auctions for wholesale of agro-industry products. Based on theoretical and scientific knowledge, the result that would encourage auction trade is demanded. The basic goal is, through the analysis of auction importance for trade, to affirm information and conclusions that may show that wholesale markets are appropriate place for auction trade in agro-industry. Therefore, the aim is to achieve expected result on the market, by auction trade, etc. by bid based on and equivalent to expected incomes. However, auctions are classical example of trade with mutual depended valuations, so theoretical and empirical researches tend to achieve the effect of efficiency and maximum revenue.

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