# Tag Info

### Impact of auction systems that allow 'sniping'

Firstly, it's right to say that the hard ending rule on ebay seems to be behind sniping. Here's a figure from Roth & Ockenfels' AER paper: On eBay (fixed end time) bids arrive much later than on ...
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Accepted

### How to auction shared item with a roommate?

If you think that the distribution of your value and your roommate's value are the same then I would suggest that you consider the following bidding protocol: each bidder submits a sealed bid, $b_i$. ...
• 16.6k
Accepted

### What is the point of silent auctions?

But perhaps this is not always the case. The price might have been so high that you would not have been willing to bid above it. In fact it might have been so high that the no one but the highest ...
• 26k
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• 31.8k

### Why are second price auctions preferred if they don't maximize expected revenue?

I don't think sellers would prefer SPA over FPA. In fact, the SPA is riskier than the FPA, if we look at it from a seller's perspective. The reason is because the distribution of prices in case of the ...
• 515

### What is virtual valuation?

The idea is simple: the seller wants to target that individuals who's ready to pay him the highest amount, thus targets the person with the highest virtual valuation. To target the individual who's ...
• 515