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(...) Interesting idea. Escalating the bid increment would definitely help bring the auction to a close. Also, you're probably right that a few minutes is really all the auction has to be extended. Making the escalating bid increment be based on the (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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| | Re: Ebay sniper? you make the call
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(...) If the intent was for everyone to submit bids at the last possible minute, with no opportunity to react to others bids, then they could have chosen a completely standard auction format, the sealed bid auction. In a sealed bid auction, you may (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Definitely agree-- For the sake of the buyers, snipe. It WILL result in lower prices, even though it shouldn't. That way people don't have a chance to change their minds and make the price go higher. For Ebay's sake (and for the seller's-- and (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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| | Re: Ebay sniper? you make the call
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(...) Where was it ever written or explained that the way ebay is 'intended' to work is by bidding early and often? I would argue just the opposite. They are fixed end time auctions. The only thing that functionally has any meaning is being the high (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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| | Re: Ebay sniper? you make the call
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(...) Certainly could be a problem, and not a nice thing to do (and something that one could take legal action against if it could be proved, and probably illegal), but I don't have too much sympathy to the snipers locked out of this, you're trying (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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