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Uniform-price auctions versus pay-as-bid auctions. Andy Philpott The University of Auckland www.esc.auckland.ac.nz/epoc (joint work with Eddie Anderson, UNSW). Summary. Uniform price auctions Market distribution functions Supply-function equilibria for uniform-price case
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Online Auctions. Fred Lizotte. Mission and Vision. Ebay’s mission Statement “ to provide a global trading platform where practically anyone can trade practically anything.” . History.
Online Auctions. Benefits of Online Auctions. No start up costs; it’s free to register as a buyer or seller – all you need is a credit card to confirm your identity. Simple user-friendly set up means that you are ready to start selling within minutes.
Sealed-Bid Auctions: Theory and Application. Frans van Schaik & Jack Kleijnen September 2001 Slides and paper: see web page ( Web: http://www.tilburguniversity.nl/faculties/few/im/staff/kleijnen/ ). Overview. Problem: Sealed bid auction: case study of mussel auction (Yerseke)
On Cheating in Sealed-Bid Auctions. Ryan Porter Yoav Shoham Computer Science Department Stanford University. Introduction. Sealed-bid auctions require privacy of the bids New security problems online How should bidders behave when they are aware of the possibility of cheating?
A Taxonomy of Ascending Bid Auctions. Is Auction’s Duration/Deadline Fixed?. Yes. No. Offline English Auction. Straight Bidding. Buyers Place a Bid By. Automatic Bidding. eBay. http://auctions.yahoo.com/phtml/auc/us/bidder/bid.html.
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