Addictive Auctions: Using Lucky-Draw and Gambling Addiction To Increase Participation During Auctioning

Ravin Kumar / Int.J.Mgmt.Res.&Econ. 1(1) (2021) 68-74

7 Pages Posted: 29 Mar 2021 Last revised: 4 May 2021

See all articles by Ravin Kumar

Ravin Kumar

Meerut Institute of Engineering and Technology

Date Written: March 18, 2021

Abstract

Auction theories are believed to provide a better selling opportunity for the resources to be allocated. Various organizations have took 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.

Keywords: Auction System, Lucky Draw, Gambling Addiction, Auction Addiction

Suggested Citation

Kumar, Ravin, Addictive Auctions: Using Lucky-Draw and Gambling Addiction To Increase Participation During Auctioning (March 18, 2021). Ravin Kumar / Int.J.Mgmt.Res.&Econ. 1(1) (2021) 68-74, Available at SSRN: https://ssrn.com/abstract=3795556

Ravin Kumar (Contact Author)

Meerut Institute of Engineering and Technology ( email )

Meerut, UP
India

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
20
Abstract Views
191
PlumX Metrics