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Congratulations on this, a great idea. Auction theory tells us the second price sealed bid auction (ebay system) is better than the English auction because it
by amalag 14y ago
Congratulations on this, a great idea. Auction theory tells us the second price sealed bid auction (ebay system) is better than the English auction because it reveals true price intent far better than the English auction. http://www.econport.org/econport/request?page=man_auctions_exp_englishandsecond http://www.econport.org/econport/request?page=man_auctions_e...
Is there a reason you went with the English auction?