 | | Re: Proxy ratcheting: How do auction systems work? —Derick Bulkley
| | | | Larry, We pulled our hair out over this one too. In an attempt to be fair - in an environment that allows both firm and proxy bids - we arrived at the following, which acts in favor of the existing high bidder in 2 of 3 cases:: Starting bid $100. (...) (26 years ago, 19-Apr-99, to lugnet.market.auction)
| | | | | | | | | | Re: Proxy ratcheting: How do auction systems work? —Todd Lehman
| | | | | (...) What is the outcome of each of these scenarios?... SCENARIO 4A Time Time Page Loaded Bid Posted Bidder Bid Proxy Max ===...=== ===...=== ====== ======= ===...=== 12:14:33 12:15:07 A $100.00 $150.00 12:23:11 12:23:19 B $150.00 n/a 12:23:14 (...) (26 years ago, 20-Apr-99, to lugnet.market.auction)
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