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

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  • Ravin Kumar

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.

Suggested Citation

  • Ravin Kumar, 2019. "Addictive Auctions: using lucky-draw and gambling addiction to increase participation during auctioning," Papers 1906.03237, arXiv.org.
    • Handle: RePEc:arx:papers:1906.03237
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    File URL: http://arxiv.org/pdf/1906.03237
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