D
Dave Platt
Guest
In article <4123CEFA.4D9A565E@aaa.com>,
Jan-Erik Söderholm <aaa@aaa.com> wrote:
a few real-life "live" auctions which have fixed closing times.
form of problem - indeterminate closing times. You could end up with
an auction being stretched out for many hours, with each participant
"raising" the other by only the minimum each time a few seconds before
the auction is due to close.
able to win an advantage over live "real-time" bidders, by just
outlasting them... wait until 20 seconds before the five-minute
extension runs out, then raise the bid by a minimum increment.
Lather, rinse, repeat. Pretty easily done using automated tools.
This style of auction certainly reduces the advantage that snipers
have. However, it could tend to increase the amount of time and
attention that a bidder would have to pay to any given auction, since
they wouldn't know in advance when the auction would close. If this
makes the bidding experience more frustrating for the buyers, it could
work against eBay's best interests. Similarly, if this approach
results in higher overall winning bids than eBay's, it might be more
attractive to sellers but less attractive to buyers.
I'll be interested to see whether those eBay competitors who use an
open-bid, open-ended-time auction process end up being able to
convince people that this is a "better" system for the buyers (or the
sellers) than eBay's particular option model.
--
Dave Platt <dplatt@radagast.org> AE6EO
Hosting the Jade Warrior home page: http://www.radagast.org/jade-warrior
I do _not_ wish to receive unsolicited commercial email, and I will
boycott any company which has the gall to send me such ads!
Jan-Erik Söderholm <aaa@aaa.com> wrote:
"Any", not "many". There have been (and, I believe, still are) quiteIt's easy. Each succsessfull bud adds 5-10 minutes to the end time.
Just as in any real live auction.
a few real-life "live" auctions which have fixed closing times.
Again, not "always" - just "usually".The auctioner always waits
until there is no more bids.
This could be done. However, it leaves the auctions open to anotherIf I'm overbid, I'm always
given the oportunity to re-bid.
form of problem - indeterminate closing times. You could end up with
an auction being stretched out for many hours, with each participant
"raising" the other by only the minimum each time a few seconds before
the auction is due to close.
.... or the one who is the least exhausted. Snipers might still beThis whould make sure
the all eBay auctions *always* are won by the one willing
to pay the most !
able to win an advantage over live "real-time" bidders, by just
outlasting them... wait until 20 seconds before the five-minute
extension runs out, then raise the bid by a minimum increment.
Lather, rinse, repeat. Pretty easily done using automated tools.
This style of auction certainly reduces the advantage that snipers
have. However, it could tend to increase the amount of time and
attention that a bidder would have to pay to any given auction, since
they wouldn't know in advance when the auction would close. If this
makes the bidding experience more frustrating for the buyers, it could
work against eBay's best interests. Similarly, if this approach
results in higher overall winning bids than eBay's, it might be more
attractive to sellers but less attractive to buyers.
I'll be interested to see whether those eBay competitors who use an
open-bid, open-ended-time auction process end up being able to
convince people that this is a "better" system for the buyers (or the
sellers) than eBay's particular option model.
--
Dave Platt <dplatt@radagast.org> AE6EO
Hosting the Jade Warrior home page: http://www.radagast.org/jade-warrior
I do _not_ wish to receive unsolicited commercial email, and I will
boycott any company which has the gall to send me such ads!