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A new end-of-auction model for curbing sniping / R. Malaga in Journal of the operational research society (JORS), Vol. 61 N° 8 (Août 2010) 

Public ISBD [article]  in Journal of the operational research society (JORS) > Vol. 61 N° 8 (Août 2010) . - pp. 1265–1272 Titre : A new end-of-auction model for curbing sniping Type de document : texte imprimé Auteurs : R. Malaga, Auteur ; D. Porter, Auteur ; K. Ord, Auteur Année de publication : 2011 Article en page(s) : pp. 1265–1272 Note générale : Recherche opérationnelle Langues : Anglais (eng) Mots-clés : Bidding  Electronic  auctions  Probability  Random  stopping  times  Sniping  Uniform  distribution Index. décimale : 001.424 Résumé : The online auction market has been growing at a spectacular rate. Most auctions are open-bid auctions where all the participants know the current highest bid. This knowledge has led to a phenomenon known as sniping, whereby some bidders may wait until the last possible moment before bidding, thereby depriving other bidders of the opportunity to respond and also preventing sellers from obtaining the highest price for an item. This is especially true in the case of the commonly used second-price, fixed-deadline auction. We consider a procedure involving a randomly determined stopping time and show that this approach eliminates the potential benefits to a sniper. The scheme enables all bidders to compete more fairly and promotes an early bidding strategy, which is likely to increase the price received by the seller while providing adequate bidding opportunities for would-be buyers. DEWEY : 001.424 ISSN : 0361-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v61/n8/abs/jors200979a.html [article] A new end-of-auction model for curbing sniping [texte imprimé] / R. Malaga, Auteur ; D. Porter, Auteur ; K. Ord, Auteur . - 2011 . - pp. 1265–1272. Recherche opérationnelle Langues : Anglais (eng) in Journal of the operational research society (JORS) > Vol. 61 N° 8 (Août 2010) . - pp. 1265–1272 Mots-clés : Bidding  Electronic  auctions  Probability  Random  stopping  times  Sniping  Uniform  distribution Index. décimale : 001.424 Résumé : The online auction market has been growing at a spectacular rate. Most auctions are open-bid auctions where all the participants know the current highest bid. This knowledge has led to a phenomenon known as sniping, whereby some bidders may wait until the last possible moment before bidding, thereby depriving other bidders of the opportunity to respond and also preventing sellers from obtaining the highest price for an item. This is especially true in the case of the commonly used second-price, fixed-deadline auction. We consider a procedure involving a randomly determined stopping time and show that this approach eliminates the potential benefits to a sniper. The scheme enables all bidders to compete more fairly and promotes an early bidding strategy, which is likely to increase the price received by the seller while providing adequate bidding opportunities for would-be buyers. DEWEY : 001.424 ISSN : 0361-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v61/n8/abs/jors200979a.html