Researchers at the University of Southampton have proposed a solution to ‘shill-bidding’, a disruptive but increasingly prevalent practice which threatens the integrity of online auctions such as eBay.
Shill-bidding occurs when a seller, or a friend or associate of a seller, bids clandestinely on their own sale. Sellers can thus increase the price of their own items or ultimately buy them back if the auction fails to achieve the price they want.
Read more http://www.ecs.soton.ac.uk/about/news/1177
Wednesday, February 14, 2007
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