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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Wed, 21 Apr 1999 23:09:33 GMT
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Viewed:
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818 times
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In lugnet.market.auction, simon.robinson@sdxplc.com (Simon Robinson) writes:
> So in a similar scenario to the one Larry's pointed out
> - if I come along with a $200 firm bid (and a $250 maximum) just
> before your phone bill arrives, then I don't get the shuttle, and
> your firm bid shoots up to $250.
>
> On the other hand, if I'd waited an extra half hour and placed my $200
> bid just after you withdrew your proxy, then I might get the shuttle.
> You end up with a situation in which you might reward someone for delaying
> posting a bid!
>
> Somehow, I don't think auctions are supposed to work like that. :)
It can only reward someone for delaying if they knew that you had dropped
your bid, which they wouldn't know. Also, consider the case when you raise
your proxy max rather than leaving it where it is.
--Todd
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Message has 1 Reply:
Message is in Reply To:
![](/news/x.gif) | | Re: Proxy ratcheting: How do auction systems work?
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| (...) it (...) proxy. (...) So in a similar scenario to the one Larry's pointed out - if I come along with a $200 firm bid (and a $250 maximum) just before your phone bill arrives, then I don't get the shuttle, and your firm bid shoots up to $250. (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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96 Messages in This Thread: ![Proxy ratcheting: How do auction systems work? -Larry Pieniazek (19-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -David Blomberg (19-Apr-99 to lugnet.market.auction)](/news/x.gif)
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![](/news/x.gif) ![](/news/268.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (19-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Larry Pieniazek (19-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (20-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Robert Farver (20-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (20-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Robert Farver (20-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/268.gif) ![Re: Proxy ratcheting: How do auction systems work? -Simon Robinson (20-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (20-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -Larry Pieniazek (20-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (20-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Larry Pieniazek (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Derick Bulkley (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -Derick Bulkley (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -Larry Pieniazek (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -John DiRienzo (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -Steve Bliss (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Larry Pieniazek (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -John DiRienzo (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -James Brown (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (21-Apr-99 to lugnet.market.auction)](/news/x.gif)
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![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -John DiRienzo (22-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -Tom Stangl (22-Apr-99 to lugnet.market.auction)](/news/x.gif)
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![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/x.gif) ![](/news/268.gif) ![Re: Proxy ratcheting: How do auction systems work? -Larry Pieniazek (23-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -John DiRienzo (23-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/268.gif) ![Re: Proxy ratcheting: How do auction systems work? -Steve Bliss (23-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Naji Norder (29-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Steve Bliss (22-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (23-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -John DiRienzo (23-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Frank Filz (28-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (21-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Simon Robinson (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![You are here](/news/here.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Tom Stangl (22-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (21-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -David Zorn (23-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Todd Lehman (21-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Simon Robinson (21-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Larry Pieniazek (27-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Tamyra Teed ("Mookie") (27-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -John DiRienzo (27-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/246.gif) ![Re: Proxy ratcheting: How do auction systems work? -Larry Pieniazek (27-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/28.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -John Neal (27-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -John DiRienzo (27-Apr-99 to lugnet.market.auction)](/news/x.gif)
![](/news/x.gif) ![](/news/x.gif) ![](/news/68.gif) ![Re: Proxy ratcheting: How do auction systems work? -Larry Pieniazek (27-Apr-99 to lugnet.market.auction)](/news/x.gif) ![](/news/46.gif) ![Re: Proxy ratcheting: How do auction systems work? -Mike Stanley (27-Apr-99 to lugnet.market.auction)](/news/x.gif)
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