From: J. Forster (jfor@quik.com)
Date: Sat Nov 20 2004 - 18:29:27 PST
Michael S. Nichols wrote:
> Hello from Atlanta, Ga 30306. Ebay bidders having an arrangement?
I could easily see a couple of bidders making a quiet deal like that. Suppose
there were only two really serious bidders for some particular item that is
uncommon, but not unique, say self sealing stembolts. They could easily
cooperate to not bid against each other and both win over the long term. If one
bidder broke the arrangement, he'd loose in the long term for a one shot gain.
It'd only work if there is a steady supply of stembolts though, and obviously
fails if a newbie shows up.
-John
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