Subject:
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Re: eBay oddity
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Newsgroups:
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lugnet.market.theory
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Date:
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Fri, 4 Apr 2003 00:42:36 GMT
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Viewed:
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1715 times
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In lugnet.market.theory, Bruce Schlickbernd writes:
> In lugnet.market.theory, Richie Dulin writes:
>
> > Can anyone explain the advantage of this system to the seller or eBay?
> >
> > (I'm not complaining, just interested.)
>
>
> It merely is. That's eBay: they can't figure out that on a dutch auction
> (which is what I presume this is) that if you get completely outbid on all
> items on a per unit bid, you may wish to up your bid but bid on fewer units.
> Is it advantageous to the seller? Of course not. You could bid $201 for 3
> units, or you could start a second account and bid anew.
Or (and I've only just figured this out) I could put in a bid for four items
knowing that it's impossible to win more than two (based on the existing
higher bids). Of course, I could get stuck if the high bidders withdraw...
But to maintain my potential win of two, I've got to watch the auction
carefully.
Cheers
Richie
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Message is in Reply To:
 | | Re: eBay oddity
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| (...) It merely is. That's eBay: they can't figure out that on a dutch auction (which is what I presume this is) that if you get completely outbid on all items on a per unit bid, you may wish to up your bid but bid on fewer units. Is it advantageous (...) (22 years ago, 4-Apr-03, to lugnet.market.theory)
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