Word: ebay
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Online marketplaces like eBay may represent a step towards perfect market equilibrium, according to a recent study co-written by a professor at the Kennedy School of Government...
...study—which focused on the popular auction Web site—was authored by Ramsey Professor of Political Economy Richard J. Zeckhauser ’62 and two University of Michigan professors, and suggests that eBay sellers with long-standing, positive reputations can sell more items and charge higher prices...
...downloads. They hold conventions and publish newsletters, clamor for exclusive toys and get them. Like veteran antiquers, they boast of their latest finds and newest acquisitions to any who will listen. A used Fortress Maximus fetches $500, a gold-plated Optimus Prime, $3000. Three months ago, a seller on Ebay offered an almost complete mint collection of the original run. The asking price? A whopping $30,000. Joe Millionaire could live off that for a year. The Transformers toys, Hasbro's bread and butter, are even celebrities unto themselves. Fans whisper on newsgroups about the latest Optimus sighting...
...like J.D. Edwards, PeopleSoft, SAP and Siebel and focusing instead on the "middleware" market that glues those business applications together. With the savvy leadership of software chief Steve Mills, IBM's database and application server product WebSphere has gained market share, even winning a key, much contested contract with eBay. J.D. Edwards, an enterprise software company focused on the fast-growing market among medium-size businesses (those with 100 to 1,000 employees), recently decided to standardize all its applications on IBM's middleware. "It's about ongoing viability, who's going to be able to compete with Microsoft," says...
...difficult for him to summon his inner boy. "For me, it's more of an effort getting out of the place where I think like a child," he says. Financial maturity has its upside too: more pocket money to blow on robots, other toys and old woodworking tools on eBay. Not to mention the freedom to create more fantasy worlds. After all, what's the fun in growing up if you can't play with your toys whenever you want...