Study Shows EBay Saving Buyers Billions

January 2008
Red Herring;1/28/2008, p10
Trade Publication
The article focuses on a study by statisticians Wolfgang Jank and Galit Shmueli on the savings generated by U.S. buyers bidding on eBay auctions. It showed that buyers saved $7 billion that they might have otherwise been ready to pay in a study of eBay auction behavior in 2003. Jank said that a linear projection of the research findings would mean consumers saved around $19 billion during 2007. Shmueli noted that consumer surplus is usually very hard to measure.


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