Milner , 2003 . Some innovative application of auction markets offered by internet technology to different organizations includes reverse and multi-dimensional auction procurement , using auction markets for liquidating excess inventory , for example , the use of e-bay as well as using auctions for prediction and information aggregation as in the case of lower electronic markets which is in the Hollywood Stock Market (Boss , 1998 . The internet and electronic commerce have brought countries and regions together to create a globally networked economy (Anon , 1998...











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