Ebay Bidder

Every day on eBay, millions of people buy and sell a vast array of goods, from rare collectibles and antiques to used cars and celebrity memorabilia. The internet auction site is remarkably easy to use, which accounts in part for its huge popularity. But how does eBay really work, and how does it compare to other kinds of auctions? These are questions that led Ken Steiglitz—computer scientist, collector of ancient coins, and a regular eBay user—to examine the site through the revealing lens of auction theory.

Sold! To the Highest Bidder! eBay has changed the way the world shops. Here's your chance to get in on this retail phenomenon—it's simple and inexpensive to get started. All you need is a product (or service) people want and internet access, and you're well on your way to reaching eBay's millions of customers.

Are you tired of navigating through slow pages of the eBay web interface? Do you feel overwhelmed by the many options of some eBay listing apps? Do flashy, cluttered item listings give you a headache? Lucid Auction Lister can fix all that and help get things sold, quickly. Simplify selling and managing your items on eBay for less than half the cost of other listing apps.

Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work.