driving prices down?

From: Bill Yakowenko <yakowenk_at_cs.unc.edu>
Date: Tue Apr 20 23:01:41 1999

I just had an idea. One of the things pushing up e-bay prices
is the publication of the high bids of past auctions. The logic
for sellers is something like, since the previous one sold for
this much, I should expect at least as much for this one.

What if we kept (and publicized) a record of asking prices for
the things that did *not* sell? Maybe buyers would look at that,
and use similar logic to avoid bidding any higher than that?

        Bill.
Received on Tue Apr 20 1999 - 23:01:41 BST