PhpPennyAuction
phpPennyAuction is a bidding fee auction script for building auction websites, similar to Swoopo. This script includes features like photos, groups, audio, video etc.
Background
phpPennyAuction software was first released in December 2008. A major upgrade was released in October 2010. The latest stable version is 2.5. The format used is a bidding fee auction site where purchased credits must be used to make bids, an example of such a website is Swoopo. Prior to changing its name to Swoopo in 2008, Swoopo was called Telebid. Swoopo was operated by Entertainment Shopping AG and was based in Munich, Germany until it closed.
Script Features
* Open source customizable script
* Adjustable menus
* Reverse Auction format
* Play lists
* Seat Auctions
* Multi-lingual support
* Limits, Coupons, Affiliate systems
* User Profiles
* User commenting
OFT Comments
In 2010 the OFT in the UK investigated the software's use of "Autobidding bots", where it was possible to utilize the software to mimic real-life users. They subsequently ruled that might be unlawful, and the software as forced to disable this feature by default.
Requirements
Server Requirements
* Linux Server (some old distributions are not supported)
* Apache Web Server
* MySQL (version 4.1.2 or higher)
* CURL
* PHP (version 5.0 or higher)
* GD Library 2 or higher
* .htaccess support (AllowOverride All)
Related Products
The various ready-made templates compatible with phpPennyAuction, are also offered by the company and other third parties to customize the software’s look and feel. Plugins & add-ons are also available. For example, the iPay88 module allows users to use foreign payment gateways such as Malaysian iPay88.
Unique Lowest Bid
The theory of unique bid auctions has been the subject of mathematical investigation. In a 2007 paper Bruss, Louchard and Ward proposed a technique for calculating game-theoretic probabilistic optimal strategies for unique bid auctions, given a small set of extra assumptions about the nature of the auction. Another paper by Raviv and Gabor in the same year made theoretical predictions and compared their results to the results of real-world unique bid auctions. Another paper by Rapoport et. al. compared theoretical results to the results of experimental auctions.
In a 2011 study Pigolotti et.al. conducted a thorough study of the unique bid auction in the grand canonical ensemble, finding a theoretical expression for the Nash equilibrium distribution and showing that real-world players play according to this distribution when the number of players in the auction is low. .
Background
phpPennyAuction software was first released in December 2008. A major upgrade was released in October 2010. The latest stable version is 2.5. The format used is a bidding fee auction site where purchased credits must be used to make bids, an example of such a website is Swoopo. Prior to changing its name to Swoopo in 2008, Swoopo was called Telebid. Swoopo was operated by Entertainment Shopping AG and was based in Munich, Germany until it closed.
Script Features
* Open source customizable script
* Adjustable menus
* Reverse Auction format
* Play lists
* Seat Auctions
* Multi-lingual support
* Limits, Coupons, Affiliate systems
* User Profiles
* User commenting
OFT Comments
In 2010 the OFT in the UK investigated the software's use of "Autobidding bots", where it was possible to utilize the software to mimic real-life users. They subsequently ruled that might be unlawful, and the software as forced to disable this feature by default.
Requirements
Server Requirements
* Linux Server (some old distributions are not supported)
* Apache Web Server
* MySQL (version 4.1.2 or higher)
* CURL
* PHP (version 5.0 or higher)
* GD Library 2 or higher
* .htaccess support (AllowOverride All)
Related Products
The various ready-made templates compatible with phpPennyAuction, are also offered by the company and other third parties to customize the software’s look and feel. Plugins & add-ons are also available. For example, the iPay88 module allows users to use foreign payment gateways such as Malaysian iPay88.
Unique Lowest Bid
The theory of unique bid auctions has been the subject of mathematical investigation. In a 2007 paper Bruss, Louchard and Ward proposed a technique for calculating game-theoretic probabilistic optimal strategies for unique bid auctions, given a small set of extra assumptions about the nature of the auction. Another paper by Raviv and Gabor in the same year made theoretical predictions and compared their results to the results of real-world unique bid auctions. Another paper by Rapoport et. al. compared theoretical results to the results of experimental auctions.
In a 2011 study Pigolotti et.al. conducted a thorough study of the unique bid auction in the grand canonical ensemble, finding a theoretical expression for the Nash equilibrium distribution and showing that real-world players play according to this distribution when the number of players in the auction is low. .
Comments