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Research of Shill Bidding in Online Auction

Author: XinXiuFang
Tutor: LuoYunFeng
School: Huazhong University of Science and Technology
Course: Systems Engineering
Keywords: Online auctions Online fraud ADS tender Resist the prop bidding strategies Belief Expected profit
CLC: F224
Type: Master's thesis
Year: 2007
Downloads: 129
Quote: 1
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Online auctions as a new trading mechanism in commercial transactions accounted for a growing proportion . The lack of certification and accreditation norms such \, impartiality , openness has important theoretical and practical significance . The paper first comments to \And produce \On the basis of the above analysis , the use of decision analysis theory and method , combined with the expected profit of the charging mechanism of the actual auction site sellers improved . And private value model , the expected profit is calculated and prove the validity of the bidding strategy : boycott to \Theories and methods of game theory to analyze the impact of the beliefs of the bidders on the expected profit of the seller . English auction and the first price sealed bid auction from both bidders and sellers based on the comparison and analysis of the simulation , the following conclusions: \more effective than first - price sealed bid auction ; the general British auction sellers expected profit increases with increasing bidders belief , the opposite in the first price sealed bid auction . The credit system in the British auction can not \This is to \Finally , this paper summarizes the inadequacies , as well as the issues to be further addressed .

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CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
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