Help with pricing on vintage computers?

From: Mike <>
Date: Tue Jan 14 12:23:00 2003

> On Tue, 14 Jan 2003, Jay West wrote:
>> > There are, and have been, for decades, valid mathematical and
>> actuarial methods for determining the value of a given object based
>> on several criteria, including of course supply and demand. Why
>> should ending prices of eBay auctions all of a sudden supercede that
>> science?

The science is wrong. That science is based on a supply that is offered
to the demand audience. And that demand audience has always been limited
and local (for the most part). With the internet, the demand now is
expanded to millions of people.

As far as the supply, it can be said that the supply has also expanded.
But the reality is that the supply, for the most part, was a fixed number
that has decreased since the items were manufactured.

So we have an ever expanding demand with a shrinking supply. So, while
the model is correct, the parametric values are all wrong and need
updating to reflect a global demand, now.
Received on Tue Jan 14 2003 - 12:23:00 GMT

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