A Bid Shill Score and dynamic penalty system enforced by Ethereum smart contracts reduces shill bidding profitability in decentralized auctions while keeping honest bidder costs low.
Lucking-Reiley, Vickrey auctions in practice: From nineteenth-century philately to twenty-first-century e-commerce, Journal of Economic Perspectives 14 (3) (2000) 183–192
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Shill Bidding Prevention in Decentralized Auctions Using Smart Contracts
A Bid Shill Score and dynamic penalty system enforced by Ethereum smart contracts reduces shill bidding profitability in decentralized auctions while keeping honest bidder costs low.