New Research Finds Consumers Save More Than $7B by Shopping on eBay
College Park, Md. - January 28, 2008 - New research from the University of Maryland's Robert H. Smith School of Business finds that consumers save billions of dollars annually by buying goods through the online auction site eBay more than $7 billion in 2003, according to researchers. The study marks the first time this benefit to the overall economy has been quantified. The flip side of these benefits, however, is that sellers are leaving billions on the table that they could have charged buyers by setting higher prices.
Books
Galit Shmueli, associate professor of management science and statistics, is co-author of Data Mining for Business Intelligence: Concepts, Techniques, and Applications in Microsoft Office Excel with XLMiner, with Nitin R. Patel and Peter C. Bruce.