Subject:
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Re: Does auction length matter?
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Newsgroups:
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lugnet.market.theory
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Date:
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Tue, 4 May 1999 20:44:57 GMT
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Reply-To:
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lpien@ctp.IWANTNOSPAM.!spamcake!com
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Viewed:
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671 times
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Chris Ernest Hall wrote:
> It seems to me that auction length (beyond making them absurdly short) doesn't
> matter that much; that there is an innate level of activity that is required to
> arrive at the efficient price, and if you make the auction shorter you just
> compress that activity into a shorter amount of time.
>
> Anyone else have an opinion on this?
>
> - chris
Interesting, thanks! Result seems counter intuitive, though. I know that
I don't have time to search every day, and in fact would consistently
miss auctions that started and ended within 3 days. Is publicity not a
factor? How could that be?
Is it possible that the results are skewed by this particular set being
a relatively perfect market(1)? Or by the likely participants all being
drawn from a class that checks a lot more frequently than I do?
1 - from a market information theory perspective... I do NOT mean it
imply that eBay is perfect, or that it isn't. We've been down that road,
don't go there, it's not condusive to "calm, collected, principled
debate" (2), thanks.
2 - per the charter of the group
--
Larry Pieniazek http://my.voyager.net/lar
FDIC Know your Customer is wounded, thanks to you, but not dead...
See http://www.defendyourprivacy.com for details
For me: No voyager e-mail please. All snail-mail to Ada, please.
- Posting Binaries to RTL causes flamage... Don't do it, please.
- Stick to the facts when posting about others, please.
- This is a family newsgroup, thanks.
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Message has 1 Reply:
 | | Re: Does auction length matter?
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| (...) I think publicity is a factor, but eBay has such a critical mass of buyers and sellers that there will always be enough people available to fill the compressed activity. This is why eBay's stock price is so high - wall street is betting that (...) (25 years ago, 4-May-99, to lugnet.market.theory)
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Message is in Reply To:
| | Does auction length matter?
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| A question I have been pondering for the last week is whether it really matters how long an auction lasts. I did some interesting research on eBay over the weekend. I collected the results of 77 auctions for the same item, set 7140 (the Star Wars (...) (25 years ago, 4-May-99, to lugnet.market.theory)
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