Archive for June 2008
I am very much looking to the next weekend. The University of Stirling, Scotland, celebrated its 40th anniversary of the University of Stirling. For me it will be the 10 year anniversary, having studied in Stirling from ’94 till ’98. One of the guys has organised a reUNIon for all of the alumni of ’98, you can find more information at this facebook event group.
(University of Stirling, 10 years ago)
The class of ’98 is spread out all over the globe. Amongst the people who are on the facebook distribution list some live in california, canada, or other far away places by now. Still, I will be able to meet quite a few people again, after all these years, which makes it ever more exciting. Having pints at the students pub with everybody, picnicing at the Loch of the Uni, may be even pub crawling through Bridge of Allan, like in the messy days. And after that I’ll visit some friends in Glasgow. More about my travels will be posted to my German blog (in German, sorry about that).
Fixed price models were a thing of the last 100 years – now we all thought that auction platforms like ebay would revert to variable price models. Not so. Even worse: ebay might have been a fad, argues Nick Carr, citing an article of business week.
Auctions were once a pillar of e-commerce. People didn’t simply shop on eBay. They hunted, they fought, they sweated, they won. These days, consumers are less enamored of the hassle of auctions, preferring to buy stuff quickly at a fixed price.
In fact, fixed price is gaining ground:
At the current pace, this may be the first year that eBay generates more revenue from fixed-price sales than from auctions, analysts say. “The bloom is well off the rose with regard to the online-auction thing,” says Tim Boyd, an analyst with American Technology Research. “Auctions are losing a ton of share, and fixed price has been gaining pretty steadily.”
With users increasingly being able to research prices online, the need for speculating at an auction site decreases. At some point it’s pretty clear what a gadget should cost – so why bother bidding in an auction in which probably everyone has the same knowledge about the likely price ceiling? Why not buy it right away somewhere else?
Interesting thought: decreasing information assymetry will lead to an increase in fixed price deals (online, where things are comparable within a mouse click). Make sense, somehow.
[update: ReadWriteWeb has some more background to this.]