Addictive Auctions: using lucky-draw and gambling addiction to increase participation during auctioning

Ravin Kumar

Papers from arXiv.org

Abstract: Auction theories are believed to provide a better selling opportunity for the resources to be allocated. Various organizations have taken measures to increase trust among participants towards their auction system, but trust alone cannot ensure a high level of participation. We propose a new type of auction system which takes advantage of lucky draw and gambling addictions to increase the engagement level of candidates in an auction. Our system makes use of security features present in existing auction systems for ensuring fairness and maintaining trust among participants.

Date: 2019-06
References: Add references at CitEc
Citations:

Published in Ravin Kumar (2021). Addictive auctions: Using lucky-draw and gambling addiction to increase participation during auctioning. International Journal of Management Research and Economics. 1(1),68-74

Downloads: (external link)
http://arxiv.org/pdf/1906.03237 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1906.03237

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().