How does second chance offer work
Use TAB key to navigate results. Are you a seller looking to make a Second Chance Offer? Read our article on making Second Chance Offers. Top Takeaway A Second Chance Offer makes the item available for you to buy at the amount of your last bid. Was this article helpful for you? You might also be interested in:. Home » Categories » 12 Frequently Asked Questions. About "Second Chance Offer". This article has been viewed times. Filed Under: 12 Frequently Asked Questions.
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Viewed times since Tue, Jul 31, I have listed a lot of products, but my storefront seems empty? Viewed times since Mon, Jun 28, My csv file contains long number or number that starts with 0, when file is opened the number become broken, what should I do? Viewed times since Mon, Dec 14, Subscribe to knowledgebase Get notified when new articles are added to the knowledgebase. The second chance offer is a common seller practice on eBay. It consists of price discrimination against the losing bidder, who is offered an identical item at the value of his or her highest bid.
Prior work has shown that, if the goods are private-value goods and price discrimination is certain, rational bidders can anticipate it and accordingly modify their bidding strategies; this results in revenue loss for the seller.
This paper hence examines the impact of randomized price discrimination. It examines a similar, more general problem: a seller has k items of the private-value good. They are sold to N bidders in a two-stage game. The first stage is a sealed-bid first-price auction with N bidders.
It finds that price discrimination is beneficial to the seller when k is small, as item scarcity increases competition among bidders. Auctions Second-chance offer Genetic algorithms Privacy Price discrimination. Submitting the report failed. Please, try again. If the error persists, contact the administrator by writing to support infona. You can change the active elements on the page buttons and links by pressing a combination of keys:.
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