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A shill may also act to discredit opponents or critics of the person or organization in which they have a vested interest. [1] [2] In most uses, shill refers to someone who purposely gives onlookers, participants or "marks" the impression of an enthusiastic customer independent of the seller, marketer or con artist, for whom they are secretly ...
Shill bidding is the most prominent type of online auction fraud where sellers themselves submit bids to increase the price of an item they have put up for sale, without intending to win. [25] Shill bidding is also one of the most difficult types of fraud to detect, since it is usually conducted by the seller in collusion with one or more ...
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.
Suction is a contract bridge bidding convention used to intervene over an opponent's 1NT opening. [1] Using the suction convention, a suit overcall of a 1NT opening is conventional and denies the suit actually bid. It shows either: a one-suiter in the next higher ranking suit or; a two suiter in the other two suits.
Barry v Davies [2000] EWCA Civ 235, [2000] 1 WLR 1962 is an English contract law case which established and confirmed that auction goods being sold without a reserve must be sold to a genuine highest bidder. The principle is subject to exceptions based on illegality, such as illicit goods, a seller without the right to sell the goods, or a ...
A Vickrey auction is decision efficient (the winner is the bidder with the highest valuation) under the most general circumstances; [citation needed] it thus provides a baseline model against which the efficiency properties of other types of auctions can be posited. It is only ex-post efficient (sum of transfers equal to zero) if the seller is ...
In contract bridge, the Law of total tricks (abbreviated here as LoTT) is a guideline used to help determine how high to bid in a competitive auction. It is not really a law (because counterexamples are easy to find) but a method of hand evaluation which describes a relationship that seems to exist somewhat regularly.
Their only aim was to sell thousands upon thousands of records. This callous disregard for the law and for the rights of others requires not only the preliminary injunction sought by the plaintiff but also sterner measures." The judge referred the matter to a United States Attorney for criminal prosecution, though no criminal charges were filed.