eBay vrs42?

From: Jim Battle <frustum_at_pacbell.net>
Date: Sat Feb 12 09:41:04 2005

Vintage Computer Festival wrote:

> On Sat, 12 Feb 2005, Jim Battle wrote:
...
>>Of course, but that isn't the situation that started this thread. if
>>one person with the intent to buy something is afraid he is getting in a
>>bidding war with another bidder and makes side communication to affect
>>the end price, that seems unfair to me.
>
> David was not asking to collude. He was just wondering who a particualr
> buyer was because maybe he didn't want to get into a bidding war. Simply
> stated, you cannot prevent a buyer from informing themselves in order to
> maximize their outcome (in this case getting the item for the lowest
> price). The seller is entitled to the highest price they can get for an
> item. The buyer is entitled to the lowest price they can pay for an item.
> Where they meet is the selling price.

So shill bidding is OK then? he is just trying to maximize is price.
nobody makes bidders bid more than they want. right? somewhere the
logic has broken down.
Received on Sat Feb 12 2005 - 09:41:04 GMT