Among other reasons of its popularity stands direct importance of its ideas to modern businesses and governments. Nowadays any business sector is more or less competitive, which requires all it's participants to be dynamic and creative. Modernization and expansion is a vital part of modern business world.Governments, as owners of resources that allow businesses to expand and modernize, are always ready to sell those resources as it will eventually help businesses and certainly bring revenues. The best way for government to sell available resources is to declare an auction. That's where auction theory comes into play.Modern auction theory is a very powerful tool for designing auctions of very profitable kind. Proper auction design will rise maximum amount of money for the government and provide companies with resources they need. However actions that maximize profits for the government have a direct influence also on the life of the citizens, as Dixit puts it: ".because of significant contributions the budget, auctions affect important macroeconomic magnitudes, such as interest rates".So, auctions held by government, and to be more specific properly designed actions directly influence the life of modern country. In this essay I would like to make a kind of short review of auctions of spectrum rights for third generation mobile phones held in Europe writing an essay lse in year 2000.
Statement about the professional writing services australia context of the question - explain why the question in important (either in the 'real' world or for the discipline of economics). Summarise your argument in support of this answer - this summary should match the order of your paragraphs. Decide on the most logical order of your paragraphs - this might be importance, chronology or causation, but the basic flow should be simple and clear. Conclusion, summarise your argument again - as you did in the intro (different words though!).say what the significance of your answer is either in the 'real' world or to the discipline of economics. Below you'll find two essays written by students last year. Bearing the above in mind, decide which one makes the clearer argument and which, therefore, got the higher mark. In the year 2000, there were auctions of spectrum rights for third generation mobile telephones in several European countries.These auctions generated very different amount of revenue in different countries. How can this be explained? Auction theory as a very useful brunch of game theory is of the great interest of modern economists.
There are of course other structures, however this one always works and makes you sound concise and clear. An essay has conventional sections that it is wise to follow.These are an introduction, main body and a conclusion. The 'LSE' essay structure can be described as 'say what you're going to say (intro say it in college research paper databases detail (main body say what you've said (conclusion.Although this may appear repetitive, it offers the reader great clarity. Also, if you think about the executive summary, background, analysis and conclusions / recommendations sections of a business report, you can see that a similar structure holds. In your essay, try to follow this structure for your essay sections.
The idea of setting essays is to offer you the chance to make a longer, more complex argument. Nonetheless, in the model we recommend, the fundamentals remain the same. In each paragraph, a flow of main idea (thesis) - explanation / reasoning (justification) - evidence / example (support) is an excellent structure to use.If you read through academic writing, best essay paper writers you will find this structure over and over. The same is true for professional writing.