eBay vrs42?

[Vintage Computer Festival]

On Sat, 12 Feb 2005, Jim Battle wrote:

> 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.

See my reply to another message.  This is a grapes & tomatos comparison.

-- 

Sellam Ismail                                        Vintage Computer Festival
------------------------------------------------------------------------------
International Man of Intrigue and Danger                http://www.vintage.org

[ Old computing resources for business || Buy/Sell/Trade Vintage Computers   ]
[ and academia at www.VintageTech.com  || at http://marketplace.vintage.org  ]