THINKING. Business Revolution – Online Auctions. The Experience. [email protected] November 2000. What’s the problem?. didn’t want? couldn’t inspect goods? was it value? no trust? remedies if something went wrong? did I get the best price?.
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System sets top bid to $19.00
Bidder 3 bids $18.00 (max.)
System sets top bid to $11.00
Bidder 1 bids $10.00 (max.)
System sets top bid to $5.00
Seller sets $5.00 minimum($1 bid increment)
Seller’s minimumeBay – bidding (simplified)…