Quote:
Originally Posted by tschock
One could also point out that the shilling-indifferent might offer other market inflation methods to justify their shilling indifference, since there are tangible costs to shilling. I've yet to see this proven otherwise or even addressed. I'll prefer hundreds of years of real life experience that market manipulation negatively affects prices rather than a theory that BINs will rise if shilling auctions were eliminated.
I think Steve B pointed it out best in that there are 3 approaches to this:
A ) Whether someone takes the high road of abandoning any market or seller that encourages or condones that stuff
B ) Or The middle road of only participating in some auctions.
C ) Or Ignores it all and only bids what they think is fair
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What about those of us who pay attention to the information about shilling but continue to bid what they think is fair in light of the available information?
Nobody ever said there were no tangible costs to shilling. I think it is plain that the people who are upset about shilling think they are paying too much for an item (not that there is artificial market inflation). This is where I think the roads begin to diverge - one camp that stamps its feet over shilling because they are convinced that they are overpaying for items; and the other camp that appreciates the information of the feet stampers but doesn't let it get to them because they don't feel like they paid more than they wanted to.
Finally, offering other market inflation methods doesn't justify shilling indifference, it shows that an emphasis on the perils of shilling may be overstated if the true concern is the purity of markets.