MP Wellman and PR Wurman
First IEEE Workshop on Dependable and Real-Time E-Commerce Systems (DARE-98), Denver, CO, USA, June 1998.
Designers of online auction mechanisms face many interesting choices related to the timing of events. We discuss several temporal issues that arise in the context of auction mechanisms, and argue that it is generally advantageous to design for maximal asynchrony and robustness to network delays. The design of a configurable auction server (the Michigan Internet AuctionBot) exemplifies these principles, and our experience in operating the AuctionBot illustrates the consequences of this approach for real-time performance.