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They don't, and I agree that it is flawed. But perhaps flawed is too strong of a word, and it's just that ebay auctions don't tend to mimic real-life auctions (
by mslagh 16y ago
They don't, and I agree that it is flawed. But perhaps flawed is too strong of a word, and it's just that ebay auctions don't tend to mimic real-life auctions (and maybe there is a reason for the discrete time limits, ie sellers need to know exactly when items are ending; buyers are often time limited sometimes as well: 7 days often seems like an eternity anyways). Many of the up-and-coming penny auction sites include this feature, as it is much more necessary to their business model.
- evanrmurphy 16y agoI think Ebay realized at some point that marketplaces are more profitable than auctions and adjusted their model accordingly. Now they're in this limbo between an auction site and a marketplace site but not great at either. They can afford this of course because they're a monopoly, but if I really want the experience of one or the other I'll use a service with clearer focus.