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How Do Dutch Auctions Work On Ebay?
By Kirsten Hawkins
A multiple-item (‘Dutch’) auction is an auction where more than one of the same item is being sold at once. There are two kinds of Dutch auctions.
Without Bidding.
The most common Dutch auctions are actually a combination of two auction types: they’re multiple-item fixed price auctions (Dutch Buy it Now auctions to you and me). This just means that you can offer more than one of an item at a time for a fixed price.
This is very powerful if you’re selling something small in large quantities. You can just say how many of the item you have, and the Buy it Now auction will stay there until its duration is up or all the items have been sold.
Buyers aren’t limited to only buying one item at a time, either: they can enter how many they want and then just click Buy it Now to get them. If you’re selling small things loose, then this can be really great – instead of selling them in packs of 50, you can sell 24 to one person and 95 to the next. It lets buyers save money by buying exactly what they need, and it lets you offer them the flexibility to have as many or few of an item as they want.
With Bidding.
Dutch auctions can also be done by bidding, but the process is rather complicated. Buyers bid a price and say how many items they want, and then everyone pays the lowest price that was bid by one of the winning bidders. Let’s say there are 10 of an item for sale. Anne bids $5 each for 4, while Bob bids $4 for 6. Anne will
get her 4 and Bob will get his 6, but they will both only pay $4.
Here’s another example. If there are 5 items for sale and Anne, Bob, Carol and Dean want to buy 2 each, then obviously someone is going to lose out. Whoever bid the lowest will only get one of the item. If Anne bid $5 each, Bob bid $4 each, Carol bid $3 each, and Dean bid $2 each, then Anne will get 2, Bob will get 2, Carol will get 1 and poor Dean gets nothing. So then: how much they pay for the items?
Starting to sound like a particularly evil math problem, isn’t it? The answer is that everyone will pay $3, as Carol’s bid was the lowest one that won anything. If you have trouble getting your head around that, then don’t worry – everyone else does too! That’s why Dutch auctions with bidding are so rare.
In fact, even eBay's normal one-item auction format has all sorts of problems, not least of which is auction sniping. Snipers are buyers who come along at the last minute to bid a few cents more than the highest bidder and win the item. Your buyers will find this infuriating – and you’re the only one with any power to help them out by stopping it. The next email will show you what you can do.About The Author: Kirsten Hawkins is an Ebay and auction enthusiast from Nashville, TN. Visit http://www.auctionseller411.com/ for more great tips on how to make the most from Ebay and other online auctions.
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Baby's First Internet
<a href="http://www.themorningnews.org/archives/galleries/babys_first_internet/">Baby's first internet</a> comes amidst other, less illustrated, <a href="http://www.bigcontrarian.com/2008/07/21/tacky/">concerns</a> about the all-consuming 'blogosphere' and increasingly online life. The problems, it seems, are somewhat <a href="http://www.nytimes.com/2008/07/20/magazine/20wwln-medium-t.html?_r=3&oref=slogin&ref=magazine&pagewanted=all">novel</a> and (one assumes) <a href="http://answers.yahoo.com/">almost endless</a>.
ICANN has been under pressure
<a href="http://afp.google.com/article/ALeqM5jienXKDbIYHNPcywgq84IqyHtbPw">The popular online trading site eBay is one of the many companies that wants to have its own domain name.</a> <em>PARIS (AFP) — Web regulators Thursday voted to allow the creation of thousands of new <strike>domain names</strike></em> <a href="http://en.wikipedia.org/wiki/Top-level_domain">top-level domains</a><em>, from .paris to .Pepsi, in one of the biggest shake-ups in Internet history, a French web official said.</em>
Lost Souls
According to a new report, children in Sweden are becoming increasingly concerned by their parents' internet habits. <em><a href="http://www.thelocal.se/12640.html">"This summer she has been sitting up all day and all night and she forgets what's important to me. And when she's not at the computer she's like a lost soul. She just looks straight ahead and says nothing. I'm not doing so well."</a> </em>Dr Jerald Block from Oregon Health and Science University in Portland is pushing for <a href="http://www.medicalnewstoday.com/articles/112374.php">internet addiction</a> (and its three subtypes: excessive gaming, sexual preoccupations and e-mail/text messaging) to be included as a common disorder in the next update of the DSM (<a href="http://www.psych.org/dsmv.asp">DSM-V</a>). <em><a href="http://www.telegraph.co.uk/news/uknews/2152972/Internet-addiction-is-a-'clinical-disorder'.html">"The relationship is with the computer. It becomes a significant other to them. They exhaust emotions that they could experience in the real world on the computer... It's much more acceptable for kids to talk about game use, whereas adults keep it a secret. Rather than having sex, or arguing with their wife or husband, or feeding their children, these adults are playing games..." </a></em>
First!
<a href="http://rvb.roosterteeth.com/archive/episode.php?id=288">"Wow, a new user... That's Great! We'd be happy to show you the ropes!"</a> a PSA on conversation starters in forums and comment threads online that have never been heard or used before. Brought to you by <a href="http://rvb.roosterteeth.com/">Red Vs. Blue</a>.
Suspension de labonnement internet
<a href="http://www.france24.com/en/20080618-france-try-web-subscription-suspension-against-piracy-internet">"There is no reason that the Internet should be lawless,"</a> President Nicolas Sarkozy told his cabinet, as <a href="http://www.premier-ministre.gouv.fr/acteurs/biographie_5/christine_albanel_ministre_culture_56390.html">Culture Minister Christine Albanel </a>presented <a href="http://www.premier-ministre.gouv.fr/chantiers/culture_851/lutter_telechargement_illegal_oeuvres_1072/christine_albanel_presente_projet_60336.html">a new bill </a>designed to encourage responsible use of the Internet. The legislation would set up a new administrative body that would receive complaints from the music and film industry and track down offenders through Internet service providers. An e-mail warning would be sent to suspected downloaders followed by a registered letter. After two strikes, offenders would risk losing their Internet subscription for up to a year. "We know that we are not going to eradicate piracy 100 percent, but we think that we can reduce it significantly," Albanel told a news conference. Minister of Culture and Communication, Christine Albanel, has made <a href="http://www.ifacca.org/national_agency_news/2008/05/26/albanel-celebrates-french-spirit-responsibility/">the French spirit of responsibility</a> a cornerstone of her portfolio. The new bill follows agreements signed on the 23 November 2007 at the Elysée Palace, in the presence of the President of the Republic,<a href="http://www.culture.gouv.fr/culture/actualites/index-olivennes231107.htm"> by 47 businesses and organisations representing cinema, music and television, and also by all the Internet service providers, </a>who the Minister has compelled to fulfil the agreement.
Firstly, the Minister<a href="http://www.culture.gouv.fr/culture/actualites/index-olivennes231107.htm"> revealed </a>that 74% of French people are in favour of the mechanism of the bill, which would, in the first instance, consist of sending numerous educational advertisement messages to Internet users who use their Internet connection to pirate works. Then, in the case of this behaviour being repeated, the temporary suspension of Internet access.
The Minister also revealed that the projected mechanism will be useful from the preventative phase, since 90% of French people would stop downloading after two advertisements. This study also shows the adherence of the majority of French people to the defence of the right of the author, without which ‘creation’ would have its existence threatened, against those who support openly the law of the jungle and permissiveness on the Internet.
Searchme - Visual Search Engine
<a href="http://beta.searchme.com/Initial.html">Searchme</a> is a search engine that displays results as images of web pages.
The web conceived in 1934?
<a href="http://www.nytimes.com/2008/06/17/science/17mund.html?ex=1371441600&en=dcb3569538ca10b7&ei=5124&partner=permalink&exprod=permalink">Le réseau</a> - Starting in the late 19th century, Belgian <a href="http://en.wikipedia.org/wiki/Paul_Otlet">Paul Otlet</a> envisioned the basics of a human powered Wikipedia and Google. He created a 12 million item database on index cards and accepted queries via mail or telegraph. The article describes his work and the Mundaneum museum in his honor. Be sure to watch the video. There is a <a href="http://www.sofidoc.be/lhomme.htm">full documentary on Otlet</a> as well.
The Internet dies a little bit
<a href="http://news.cnet.com/8301-13578_3-9967119-38.html">Goodbye alt.*</a> <em>Andrew Cuomo claimed that his office found child porn on 88 newsgroups--out of roughly 100,000 newsgroups that exist. In a press release, he took credit for [Verizon's] blunderbuss-style newsgroup removal by saying: "We are attacking this problem by working with Internet service providers...I commend the companies that have stepped up today to embrace a new standard of responsibility, which should serve as a model for the entire industry."</em> Verizon eliminates the entire alt. subset of usenet. <em><a href="http://www.giganews.com/usenet-history/index.html">Today</a>, the alt.* hierarchy is by far the most populous on Usenet.</em>
Cyber Command Über Alles
<a href="http://www.tomdispatch.com/post/174940/william_astore_militarizing_your_cyberspace">Attention Geeks and Hackers:</a> Uncle Sam's <a href="http://blog.wired.com/defense/2008/05/air-force-mater.html">Cyber Force</a> Wants You! <a href="http://www.wired.com/politics/security/news/2008/02/cyber_command">Welcome to Cyberwar Country, USA</a>
Mapping Iran's Online Public: Politics and Culture in the Persian Blogosphere.
<a href="http://cyber.law.harvard.edu/publications/2008/Mapping_Irans_Online_Public">Mapping Iran's Online Public: Politics and Culture in the Persian Blogosphere.</a> From the abstract: <blockquote>We used computational social network mapping in combination with human and automated content analysis to analyze the Iranian blogosphere. In contrast to the conventional wisdom that Iranian bloggers are mainly young democrats critical of the regime, we found a wide range of opinions representing religious conservative points of view as well as secular and reform-minded ones, and topics ranging from politics and human rights to poetry, religion, and pop culture. Our research indicates that the Persian blogosphere is indeed a large discussion space of approximately 60,000 routinely updated blogs featuring a rich and varied mix of bloggers. Social network analysis reveals the Iranian blogosphere to be dominated by four major network formations, or poles, with identifiable sub-clusters of bloggers within those poles. We label the poles as 1) Secular/Reformist, 2) Conservative/Religious, 3) Persian Poetry and Literature, and 4) Mixed Networks.</blockquote>
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