The effects of proxy bidding and minimum bid increments within eBay auctions

@article{Rogers2007TheEO,
  title={The effects of proxy bidding and minimum bid increments within eBay auctions},
  author={A. Rogers and E. David and N. Jennings and J. Schiff},
  journal={ACM Trans. Web},
  year={2007},
  volume={1},
  pages={9}
}
We present a mathematical model of the eBay auction protocol and perform a detailed analysis of the effects that the eBay proxy bidding system and the minimum bid increment have on the auction properties. We first consider the revenue of the auction, and we show analytically that when two bidders with independent private valuations use the eBay proxy bidding system there exists an optimal value for the minimum bid increment at which the auctioneer's revenue is maximized. We then consider the… Expand
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