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Design of an Internet‐based system for remote Dutch auctions

Todd E. Rockoff (Todd E. Rockoff is a faculty member of the Department of Computer Science, Faculty of Science and Engineering, Flinders University, PO Box 2100, Adelaide 5001 SA, Australia. Tel: +61 8 201 2662; Fax: +61 8 201 3626; E‐mail: michael@cs.flinders.edu.au)
Michael Groves (Michael Groves is a faculty member of the Department of Computer Science, Faculty of Science and Engineering, Flinders University, PO Box 2100, Adelaide 5001 SA, Australia. Tel: +61 8 201 2662; Fax: +61 8 201 3626; E‐mail: michael@cs.flinders.edu.au)

Internet Research

ISSN: 1066-2243

Article publication date: 1 December 1995

Abstract

Outlines the principle of the Dutch auction, whereby the price begins at a high level and decreases by steps until a bid is made. Describes an integrated hardware and software system which uses Internet communications to enable remotely created bidders to participate in real‐time Dutch auctions and which meets the stringent requirement that synchrony be maintained among bidders’ terminals to ensure that each bidder has a fair chance to bid at the current offer price. Defines the principal functions of the system and characterizes its available resources. Illustrates implementation using a prototype design. Pays particular attention to bidder terminal synchronization, bidder authentication, and auction client security. Includes the possibility of a system variant using ISDN interconnect and PC‐based bidders’ terminals.

Keywords

Citation

Rockoff, T.E. and Groves, M. (1995), "Design of an Internet‐based system for remote Dutch auctions", Internet Research, Vol. 5 No. 4, pp. 10-16. https://doi.org/10.1108/EUM0000000006756

Publisher

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MCB UP Ltd

Copyright © 1995, MCB UP Limited