Subject:
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Re: Proxy ratcheting: How do auction systems work?
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Newsgroups:
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lugnet.market.auction
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Date:
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Tue, 20 Apr 1999 02:41:11 GMT
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Viewed:
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924 times
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On Tue, 20 Apr 1999 00:59:54 GMT, lehman@javanet.com (Todd Lehman) wrote:
> In lugnet.market.auction, lar@voyager.net (Larry Pieniazek) writes:
> >
> > What about Derick's example, scenario 3? Does B get it in the AucZILLA
> > case?
>
> A keeps it under those circumstances.
>
> --Todd
SCENARIO 3
Bidder A bids $100, with a proxy max of $150.
Bidder B bids $150.01, bid type is irrelevant.
Outcome: B is High bidder with $150.01, and increment is ignored.
A has no first bid benefit - a trade-off for the benefit in scenarios 1 and 2
Reprinted Scenario 3 for clarity...
How does AucZILLA determine that A keeps the above lot? Does a bidder have
to beat the PROXY bid by a minimum increment? If that's the case then this
differs from how eBay handles this. In eBay's case, you have to beat the
current bid by a minimum increment, not the proxy.
Rob
+-------------------------------------------+
| Rob Farver - rfarver@rcn.com |
| http://www.farver.com/lego/ |
| http://members.ebay.com/aboutme/rfarver |
+-------------------------------------------+
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Message has 1 Reply:
Message is in Reply To:
 | | Re: Proxy ratcheting: How do auction systems work?
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| (...) No, that was my second statement -- <grin> -- it was posted two minutes after the first one, quoted above. (...) It's especially tricky sometimes to read what's going on when there are multiple identical copies of lots. (...) A keeps it under (...) (26 years ago, 20-Apr-99, to lugnet.market.auction)
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