The paper presents an experiment and a formula that show the correlation between the clock speed and the sellers revenue in dutch auction. In brief, slower clock speed brings lower revenue, and faster clock speed brigs higher revenue. They have built a nice simple formula that explains this phenomenon by the use of the monitoring cost and the non monetary enjoyment, as the time affected parameters as important factors that affect the end revenue.
In the discussion, the group discussed troughly about the experiment settings that this paper utilized. We tried to analized the pros and the cons about the settings and the formulation which we want to extend at our proposed dutch flower auction experiment.
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