Ads
related to: auto bid ebay last second order and buy
Search results
Results From The WOW.Com Content Network
The auctioneer does not disclose the current maximum bid, but the second highest bid is always public. In proxy bidding, the wise bidder must know in advance the "true" value of an item as a basis for their secret bidding limit. [2] The fact that the maximum bid is revealed when it is outbid introduces the possibility of maximum bid fishing.
The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by the second-highest bidder, the second-highest pays the price bid by the third-highest, and so on.
One of the most popular online auctions to buy cars from is eBay Motors. [13] On eBay Motors, any user can create an account and put their vehicle(s) up for auction even if they are from a state that only allows closed auctions. There is usually a fee associated with selling a vehicle on eBay. [14]
In the case of the second-price ruling as in a Vickrey auction, the final price for the winner is based on the second bidder's price. A Proxy bid is a special case of second-price ruling used by eBay, where a predefined increment is added to the second highest bid in response to a yet higher bid.
On eBay, you’ll find tons of winter boots in all different styles and sizes — many of them for less than $20 or $30. That’s a great deal if you don’t need to wear them that often, or if ...
Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment. It differs from a Vickrey auction in that bids are not sealed ; the "current highest bid" (defined as second-highest bid plus bid increment) is always displayed.
In France, when the last bid has been made in an auction for an art object, a representative of the state can say "Préemption de l'état" ("Pre-emption of the state") and buy the object for the highest bid. [4] Some housing cooperatives similarly allow members of the cooperative to pre-empt any buyer of a house constructed by the cooperative. [5]
A double auction is a process of buying and selling goods with multiple sellers and multiple buyers. [1] Potential buyers submit their bids and potential sellers submit their ask prices to the market institution, and then the market institution chooses some price p that clears the market: all the sellers who asked less than p sell and all buyers who bid more than p buy at this price p.