Sunday, May 23, 2004

Online auctions

I've done some work for MinMax, a consulting company. Amongst other things, I've developed for them a simulation system; that is however not this startup's specialty. It specialises in custom-designed online negotiations.

Reading their doc, I find they have interesting ideas about how online reverse negotiations should be constructed. One of their ideas is that unlike most popular auctions online auctions, where the most focus is to try to make fit all auctions in the same mold, they want to exploit the structure of the negotiation. Using this strategy, they believe they can outperform most out-of-the-box solutions.

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