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, 27 Apr 1999 12:30:32 GMT
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Reply-To:
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JOHNNEAL@USWEST.stopspamNET
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Viewed:
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1708 times
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Larry, I think you already pointed this out - I had mentioned to Todd (in
> this group), that people should only be able to bid by the increments, as a
> way to eliminate this. I did see this implemented on an obscure auction,
Ouch. Chris, you are obscure! And *I* thought it was Jude;-) Check out
http://www.bussetech.com/auction/index.htm
-John
>
> where instead of typing the bid, there was a drop down menu with the
> permissible bids up to a certain amount (it allowed for a buyout price,
> too). With that drop down menu, although I just thought it was another
> silly variation, it actually eliminated the chance of being outbid by a
> penny or anything less than the increment. Also, it decreases the
> possibility of using a shill to bump up the price because in the event of a
> tie, the first bidder gets the item at the exact price both bid, thus the
> shill could easily go too high. Since it is NOT fair (people complain when
> things aren't fair, so I have seen) for one guy to take the bid by a penny,
> when the previous bidder has to bid the full increment to get it back, I do
> like this one feature of that particular auction (although I never found
> Lego on it).
>
> --
>
> Have fun!
>
> John ( jdiri14897@email.msn.com ) remove NOSPAM:
> John's Lego Web Trade Page:
> http://www114.pair.com/ig88/lego/index.htm
> MOC,CA[cl,bf,cr,fm,bk+++ wp,dm,rk,df++ fk-]++++(6035)
> SW,TR,old(456)+++ TO++ PI,SP+ DU--
> #+++++ S LS* Hy? M+ A+++ LM-- IC12m
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Message has 1 Reply:
 | | Re: Proxy ratcheting: How do auction systems work?
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| John Neal wrote in message <3725ADE5.EC9DEE90@u...st.net>... (...) (in (...) a (...) Ah, John, I did not call Chris Busse's auction obscure, as it says below, I never found Lego on the referenced site. Thanks for the link, though. (...) -- Have fun! (...) (27 years ago, 27-Apr-99, to lugnet.market.auction)
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Message is in Reply To:
| | Re: Proxy ratcheting: How do auction systems work?
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| Mookie wrote in message <3725365E.E07AA303@e...pc.com>... <snip> (...) this group), that people should only be able to bid by the increments, as a way to eliminate this. I did see this implemented on an obscure auction, where instead of typing the (...) (27 years ago, 27-Apr-99, to lugnet.market.auction)
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