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| | Re: Proxy ratcheting: How do auction systems work?
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| (...) OOPS - I jsut did a "McDonald" - just kidding TOM (26 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
| | | | Re: Proxy ratcheting: How do auction systems work?
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| (...) [snip] (...) Market theory could include algorithms, etc. but my initial reaction is - What makes an auction good, just, fair, well run - it turns into an ethical discussion for me - although that might not be a bad topic for here either. (26 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
| | | | Re: Proxy ratcheting: How do auction systems work?
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| (...) [snip] (...) Market theory could include algorithms, etc. but my initial reaction is - What makes an auction good, just, fair, well run - it turns into an ethical discussion for me - although that might not be a bad topic for here either. (26 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
| | | | Re: Proxy ratcheting: How do auction systems work?
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| Messages also help when a bidder is trying to bid on ALL lots of a piece, you only want ONE, and after the bids get ridiculously high, you find out it's because he needs "all the lots minus X pieces from the last lot", you only need X or less, so (...) (26 years ago, 22-Apr-99, to lugnet.market.auction)
| | | | Re: Proxy ratcheting: How do auction systems work?
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| (...) Which is the MUCH more likely use. -- | Tom Stangl, Technical Support Netscape Communications Corp | | Please do not associate my personal views with my employer | (26 years ago, 22-Apr-99, to lugnet.market.auction)
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