Competition between auction houses: a shill bidding perspective
نویسنده
چکیده
We analyze the competition between auction houses to organize an English auction in the independent private value model with participation costs when the seller is unable to commit not to participate in the same way as any potential buyer through a shill bidding activity. The seller may prefer to contract with auction houses with higher fees since they make the shill bidding activity more costly and thus enlarge the set of implementable participation cuto s.
منابع مشابه
Price comparison: A reliable approach to identifying shill bidding in online auctions?
1567-4223/$ see front matter 2011 Elsevier B.V. A doi:10.1016/j.elerap.2011.12.003 ⇑ Corresponding author. E-mail addresses: [email protected] (F. Dong), sh [email protected] (H. Xu), [email protected] (D. Majum Shill bidding has become a serious issue for innocent bidders with the growing popularity of online auctions. In this paper, we study the relationship between final prices of online auctions a...
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