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Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.
Auction sniping can be done by software on the bidder's computer, [18] or by an online sniping service. [19] [20] eBay Germany banned automated sniping services in 2002, [21] but the ban was declared illegal by Berlin's County Court, and revoked. [22]
1 eBay partner networks prohibits Sniping. ... 4 Proxy Bidding as Antidote to Sniping. 3 comments. 5 Auction Sniper, a subsidiary of eBay? ... 7 Sniping converts ...
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.
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Bidtopia was designed with innovative features meant to enhance the online auction format, such as a unique feedback system, a requirement that all items can be sold for as little as 99 cents, and "popcorn bidding", a response to concerns about last second bids, or auction "sniping", wherein the auction deadline was extended by one minute if there was a bid within the last minute before the ...
A private electronic market (PEM) uses the Internet to connect a limited number or pre-qualified buyers or sellers in one market.PEMs are a hybrid between perfectly open markets (e.g. exchanges where there is no pre-existing relationship between buyer and seller - similar to eBay) and closed contract negotiations (such as a sealed bid tender, where there is no visibility between competitors ...
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