How valuable is Facebook to its users, and how can you measure the value of the site when access is free? Three economists and a social media researcher pooled their work and expertise to assess Facebook's value to its users, ...
Economics & Business
Dec 19, 2018
13
247
Psychologists George Newman and Paul Bloom, of Yale University have found that people buying items at an auction will pay more if they believe a celebrity has actually at some point touched them—passing on their essence ...
(PhysOrg.com) -- In today's world, we want our information to travel faster. This is especially true as smart phones take over and we become used to using smaller devices to accomplish more while we are away from home. Verizon ...
(PhysOrg.com) -- Having worked for 25 years at fragile archaeological sites in Peru, UCLA archaeologist Charles "Chip" Stanish held his breath when the online auction house eBay launched more than a decade ago.
Archaeology
May 4, 2009
1
0
NASA wants its moon dust and cockroaches back.
Space Exploration
Jun 24, 2022
0
137
A mystery bidder paid $28 million at auction Saturday for a seat alongside Jeff Bezos on board the first crewed spaceflight of the billionaire's company Blue Origin next month.
Space Exploration
Jun 13, 2021
2
31
Outdoing his fellow billionaires in daredevilry, Jeff Bezos will blast into space next month when his Blue Origin company makes its first flight with a crew.
Space Exploration
Jun 7, 2021
4
772
A letter written by Albert Einstein in which he writes out his famous E = mc2 equation has sold at auction for more than $1.2 million, about three times more than it was expected to get, Boston-based RR Auction said Friday.
General Physics
May 21, 2021
13
167
US economists Paul Milgrom and Robert Wilson won the Nobel Economics Prize on Monday for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel ...
Other
Oct 12, 2020
0
237
Can the temperature of a room affect a buyer's eagerness to buy an item—or haggle for a good deal? Yes, according to a new study from Florida International University's College of Business (FIU Business).
Economics & Business
Jul 24, 2019
0
50
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may or may not know the identities or actions of other participants. Depending on the auction, bidders may participate in person or remotely through a variety of means, including telephone and the internet. The seller usually pays a commission to the auctioneer or auction company based on a percentage of the final sale price.
This text uses material from Wikipedia, licensed under CC BY-SA
