Second chance

Second - chance offers

We study the second-price offer feature of eBay auctions in which the seller has multiple units. Perhaps surprisingly, the opportunity to make second-chance offers can reduce seller profit. This happens if her marginal cost function is sufficiently steep. Hence, sellers should be wary about the possibility that buyers anticipate second-chance offers, and it may be advantageous for a seller to a...

Second malignancy--a chance or probability!

Second-Chance Auctions for Multimedia Session Pricing

Auction mechanisms have recently gained increasing attention as an alternative approach for pricing Internet resources. For the case of divisible commodities over single links, Generalized Vickrey Auctions (GVA) are already a well-established standard mechanism, whereas an abundance of unsolved problems is related to the generalization of GVAs in space and time, i.e. for the case of connections...

The gift of a second chance.

Scripture Reading — Zechariah 1:1-6 “Return to me ... and I will return to you.” Zechariah 1:3 — The clock counted down to midnight, and the partygoers cheered the beginning of a new year. While everyone was enjoying themselves, one woman engaged in a moment of selfreflection. “Everyone needs a second chance,” she said. She was right. We’ve all spoken words we want to take back. We’ve made deci...

The Emergency Contraceptive Pill – a Second Chance