eBay vrs42?

From: Eric Smith <eric_at_brouhaha.com>
Date: Sat Feb 12 13:01:24 2005

vrs wrote:
> It is the fact that you are
> making an inefficient market even less efficient that makes it an issue.

By any sensible measure, you are making the market *more* efficient.
An efficient market does not mean that the seller rakes in the maximum
theoretically possible profit; that only happens if the market is very
inefficient.

Buyers having more information makes the market more efficient. That
information could be on projected future value of a commodity, or it
could be on behavior of other buyers.

Eric
Received on Sat Feb 12 2005 - 13:01:24 GMT