On Tue, 14 Jan 2003, Feldman, Robert wrote:
> The "model" (whatever it is) might be correct for market situations where
> the buyer and seller can negotiate a price, but I doubt that it was designed
> to cover situations like auctions, especially eBay auctions.
Well, the "model" in question is really the whole study of economics. It
can be argued that it is more art than science, but either way, eBay
prices do not reflect actual value.
My last $0.10 (in eBay dollars, worth $o.02 normally) on the subject.
Sellam Ismail Vintage Computer Festival
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Received on Tue Jan 14 2003 - 17:23:00 GMT