Dutch Flower Auctions

Eric van Heck
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Eric van Heck: Erasmus University Rotterdam

Chapter 4 in Technology Meets Flowers, 2021, pp 77-109 from Springer

Abstract: Abstract In 1887, the brilliant invention of the Dutch auction mechanism and its transition to the electric auctioneer and the establishment of grower cooperatives led to the dominance of the Dutch flower business and its markets. High-speed pricing combined with high-speed logistics created a competitive advantage both for flower growers and for sellers. Current strengths and weaknesses of the Dutch auction system are discussed and compared with other auction formats.

Keywords: Auction clock; Auctioneer; Dutch auction; Flower auctions; Grower cooperative (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-69303-9_4

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DOI: 10.1007/978-3-030-69303-9_4

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