Fairness in auctions

Fairness in auctions means ensuring all participants have an equal opportunity to bid and that the process is transparent and unbiased. It involves clear rules, equal access, and honest conduct to prevent cheating or favoritism. A fair auction encourages genuine competition, so items are sold at their true value, and all bidders feel confident in the process. Ultimately, fairness fosters trust and integrity, making the auction result credible and acceptable to all parties involved.