Posted By:
leonI agree...in an auction format we do have to use increments or else folks could bid .01 more and keep going almost forever.....The increment strategy is the way all auctions are run. If we want to get as technical as you are talking then we need to bring in shipping and handling and/or tax into the equation too. As I said...shilling is fraud and artificially raises what would otherwise be a free market price, incrementally speaking. There is no justification for fraud, as hard as you try.....imo...
response to Peter- yes, I agree with you about the "incremental" pricing not being exact...but in this equation raising increments by shilling is fraud, and I believe illegal....but otherwise, of course you are correct....that is obvious...and it's obvoius that shilling is fraud.