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An auction cancellation hunter (German: Abbruchjäger) is a person who uses German law to their advantage by participating in online auctions in Germany, only bidding minimal amounts and expecting the auctions to be cancelled. If an auction is cancelled by the seller, they will claim for damages in the amount of the difference between the ...
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The game is a type of bidding fee auction which is a discrete version of the war of attrition.Like these games, the dollar auction has a symmetric mixed strategy equilibrium (there are also asymmetric pure equilibria).
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Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.
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Winning or losing changes their volume discount, rebates and incentives with key suppliers, Losing requires laying off personnel with its associated termination costs, Winning opens a new account more inexpensively than hiring a sales representative. Based on this analysis, the supplier should choose his goals for the auction.
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