Bidding function

Bidding function

The bidding function is a term used in the analysis of auctions. The function is used to find out how much a buyer at the auction should bid for an item. It is usually denoted b() or more commonly b(v), where v is the value of the buyer.

The term is also used for programs performing automated bidding on online-auctions like E-Bay. [ [http://www.buyertools.com/index.php?content=onlinehelp&subcontent=reminderhelp&inhalt=autobietengruppen Buyertools Reminder: Sniper - Bid on eBay Automatically! ] ]

References

External links

* [http://www.econterms.com/glossary.cgi?action=++Search++&query=bidding+function Econterms' definition]


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