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- W1514267090 abstract "Increasing popularity of online auctions and the associated frauds have drawn the attention of many researchers. It is found [hal most of the auction sites prefer English auction to other auction mechanisms. The ease of adopting multiple fake idenlities over the Internet nourishes shill bidding by fraudulent sellers in English auction. In this paper we derive an equilibrium bidding strategy (0 counteract shill bidding in online English auction. Due to mere fear of cheating, the buyers may deviate from their normal behavior. Thus, there is a chance that an honest auctioneer may suffer from the loss of revenue because of lack of bidders' faith on him. Sometimes an honest bidder has to pay more due to unfair bidding practices. It is imponant !O see which auction is most suitable from bidder's and ill.lclioneer's point of view in cheating environment We also make a comparison of honest bidder's expected gain and honest auctioneer's revenue loss for three importanllypes of auctions: English auction. first price sealed-bid auction, and second price scaled-bid auction. The analysis of the results reveal that English auction should be the mOSl preferred mechanism from both honest buyer's and honesl seller's point of view. This fact can be uscd to explain the popularily of English auction over the Internet." @default.
- W1514267090 created "2016-06-24" @default.
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- W1514267090 date "2003-01-01" @default.
- W1514267090 modified "2023-09-23" @default.
- W1514267090 title "Understanding the Impact of Shill Bidding in Online English Auctions" @default.
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