Subject:
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Re: why eBay proxy bidding is broken
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Newsgroups:
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lugnet.market.theory
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Date:
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Mon, 11 Oct 1999 14:29:50 GMT
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Viewed:
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403 times
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In lugnet.market.theory, Larry Pieniazek writes:
<major snippage>
>
> PF has it for 45 but has a proxy for 50
> EB bids 50.01 proxy.
>
> The auction software kicks in... EB has a bid of 46 placed (the first
> proxy bid) PF *also* has a bid of 46 placed and is treated as having bid
> first. He holds. Now EB has a bid of 47 (next proxy bid) and PF *also*
> has 47 and was first... on up to 50... EB has a bid of 50 placed but so
> does PF. EB's next actual bid is for 50.01 which is too small to beat
> the min increment and therefore EB does not win.
>
> Now, I claim that is fairer. PF was ready to pay 50 FIRST. He needs to
> be beaten by the min bid increment, or 50+1.
>
> Others do not. but to me it's just one more example of why eBay is
> deficient. Pretty much every time I examine some facet, I find something
> I don't like. Amazing, really, that it has done so well anyway. but so
> be it.
>
>
>
> --
> Larry Pieniazek larryp@novera.com http://my.voyager.net/lar
> - - - Web Application Integration! http://www.novera.com
> fund Lugnet(tm): http://www.ebates.com/ ref: lar, 1/2 $$ to lugnet.
>
> NOTE: Soon to be lpieniazek@tsisoft.com :-)
My two cents worth (had to outbid that lousy 1 cent raise) is I'm with Larry.
In his example, PF bid $50 *first*. It is now incumbent upon any bidder to
raise it by the minimum increment. Has anyone written to eBay or gotten a
written explanation from them?
Bruce
Bruce
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Message is in Reply To:
 | | Re: why eBay proxy bidding is broken
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| (...) preface: eBay can do it whatever way they want. And the URL given later in the thread makes it clear they acknowledge the way they do it may result in a bump. Their place, their rules. My thesis is NOT that they "can't" run things that way, (...) (25 years ago, 8-Oct-99, to lugnet.market.theory)
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