When snipers become predators: can mechanism design save online auctions?

Abstract

Online auction houses such as eBay, and to an extent Ubid, have become household names in today’s networked economy. They attract legions of buyers and sellers and have evolved from a bare-bones architecture designed solely to match buyers and sellers to a sophisticated virtual marketplace with value-added services such as feedback mechanisms, payment… (More)
DOI: 10.1145/953460.953495

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