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 14:22:22 GMT
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Viewed:
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286 times
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DaveG wrote:
>
> 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.
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 the other hand, this activity will be
instantly obvious and you could easily call them on it.
--
Frank Filz
-----------------------------
Work: mailto:ffilz@us.ibm.com (business only please)
Home: mailto:ffilz@mindspring.com
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Message is in Reply To:
 | | Re: When is "Not an Auction" really an auction?
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| In lugnet.market.theory, Frank Filz writes: [snip] (...) 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 (...) (25 years ago, 3-Dec-99, to lugnet.market.theory)
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