Shill bidding in online English auctions with a random number of bidders

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	Shill bidding in online English auctions with a random number of bidders
	Ma, J ; Wang, SY ; Lai, KK
	2004-12-01
发表期刊	INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING
ISSN	0219-6220
卷号	3 期号:4 页码:539-562
摘要	Shill bidding has increased substantially with the explosion in the number of online auctions. For English auctions with conventional intermediation fee schedules and a continuous increment of the bid, sellers may profit from shill bidding, which is illegal. To deter shill bidding, Wang et al.(31) designed a mechanism - the shill-deterrent fee schedule (SDFS) which makes shill bidding unprofitable. This paper analyzes the feasibility of applying SDFS rules to both single round and multi-round English auctions in a framework of independent private value (IPV) with a random number of bidders. It is shown that most of the results in Wang et al.(31) remain true at our cases. In addition, we also propose an approach for sellers to reset the subsequent reserves in multi-round English auctions.
关键词	independent private value (IPV) shill bidding online auctions single round auctions multi-round auctions
语种	英语
WOS研究方向	Computer Science ; Operations Research & Management Science
WOS类目	Computer Science, Artificial Intelligence ; Computer Science, Information Systems ; Computer Science, Interdisciplinary Applications ; Operations Research & Management Science
WOS记录号	WOS:000225842700002
出版者	WORLD SCIENTIFIC PUBL CO PTE LTD
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/19409
专题	中国科学院数学与系统科学研究院
通讯作者	Lai, KK
作者单位	1.Univ Int Business & Econ, Sch Management, Beijing 100029, Peoples R China 2.Chinese Acad Sci, Acad Math & Syst Sci, Inst Syst Sci, Beijing 100080, Peoples R China 3.Hunan Univ, Coll Business Adm, Changsha 410082, Hunan, Peoples R China 4.City Univ Hong Kong, Dept Management Sci, Kowloon, Hong Kong, Peoples R China
推荐引用方式 GB/T 7714	Ma, J,Wang, SY,Lai, KK. Shill bidding in online English auctions with a random number of bidders[J]. INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING,2004,3(4):539-562.
APA	Ma, J,Wang, SY,&Lai, KK.(2004).Shill bidding in online English auctions with a random number of bidders.INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING,3(4),539-562.
MLA	Ma, J,et al."Shill bidding in online English auctions with a random number of bidders".INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING 3.4(2004):539-562.