Subject:
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Re: When is "Not an Auction" really an auction?
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Newsgroups:
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lugnet.market.theory
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Date:
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Fri, 3 Dec 1999 11:51:20 GMT
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Viewed:
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193 times
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In lugnet.market.theory, Frank Filz writes:
[snip]
>
> An open auction will generally get the "best" price for the seller.
> While a sealed bid auction may occaisionally generate a higher bid, if
> it generates them too often, the likelyhood of people reneging on bids
> is likely to increase (this is where eBay's proxy really helps, it lops
> off most of the extreme bids - except when two people put in extreme
> bids, believing they are the only person doing so).
eBay's proxy can be used by your alter-ego/shill too. Not that I
have seen it but I have read some rather intersting How-To and
HTHTY posts in newsgroups about the abuse of dual accounts and such.
DaveG
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Message has 1 Reply:
 | | Re: When is "Not an Auction" really an auction?
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| (...) Of course shill bidding is not unique to proxy bidding systems, though it does provide a way for the shill to obtain more information about your maximum bid if they over bid you, cancel the bid, and then re-bid just under your maximum bid. On (...) (25 years ago, 3-Dec-99, to lugnet.market.theory)
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Message is in Reply To:
| | Re: When is "Not an Auction" really an auction?
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| (...) I'm not sure that it always favors the seller. I think it depends on the item and the seller. The state of North Carolina runs a weekly sealed bid auction for surplus property (actually they include some jobs also, they occaisionally "sell" (...) (25 years ago, 2-Dec-99, to lugnet.market.theory)
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