An Investigation of Internet Auction Markets: Evidence from eBay

The purpose of this paper was to examine a market with different characteristics than a typical financial market using high frequency continuous transactions data. The market selected for this purpose was an Internet auction market for collectibles, specifically Ty Glory Bears™ sold on the eBay, Inc. web site. This market was chosen for its relatively high activity and homogeneity. The results indicated evidence of signaling related to seller\u27s reputation and product information, seasonality based on day-of-the-week, and limited market depth

A Simple Multiprocessor Management System for Event-Parallel Computing

Offline software using TCP/IP sockets to distribute particle physics events to multiple UNIX/RISC workstations is described. A modular, building block approach was taken, which allowed tailoring to solve specific tasks efficiently and simply as they arose. The modest, initial cost was having to learn about sockets for interprocess communication. This multiprocessor management software has been used to control the reconstruction of eight billion raw data events from Fermilab Experiment E791.Comment: 10 pages, 3 figures, compressed Postscript, LaTeX. Submitted to NI

An Investigation of Internet Auction Markets: Evidence from eBay

The purpose of this paper was to examine a market with different characteristics than a typical “financial” market using high frequency continuous transactions data. The market selected for this purpose was an Internet auction market for collectibles, specifically Ty Glory BearsTM sold on the eBay, Inc. web site. This market was chosen for its relatively high activity and homogeneity. The results indicated evidence of signaling related to seller’s reputation and product information, seasonality based on day-of-the-week, and limited market dept h

Aid to the Poor: Two Historical Viewpoints

A continual debate takes place in both the economic and political arenas over the policy of public support for the poor. This issue has been argued on intellectual, moral, and emotional grounds. Despite this debate, there seems to be no conclusive answer. Should it be a policy of government to provide support to those in need? Should these people support themselves through their own work? Or should it be up to private charities? This essay will attempt to analyze these questions by looking at two historical figures who stood on opposite sides of the spectrum. Thomas Malthus, an English economist and clergyman of the late eighteenth and early nineteenth centuries, was perhaps the most famous opponent of public support for the poor. It is primarily due to his influence that an amendment to limit the generosity of England\u27s Poor Law was passed in 1834. His counterpart, Richard Woodward, who eventually became the Bishop of Cloyne in 1781, was responsible for many of the ideas leading to the passing of Ireland\u27s Poor Law in 1838. Each of these men argued their cases on the grounds of both policy and justice. Public policy arguments will be defined in this essay as those based on pragmatic criteria. These arguments are directed toward justifying aid to the poor (or the lack thereof) on the ability of this aid to improve the social condition. On the other hand, justice arguments are those based on moral criteria. They are concerned with whether or not aid to the poor is the morally correct or incorrect choice

Business Finance Essentials

Business Finance Essentials is a text designed to provide students with an opportunity to learn the fundamentals of business finance without the additional cost of a textbook. This book has been developed with over a decade of classroom use in both face-to-face and online classes at Pittsburg State University. The goal was to create a resource to introduce students to the important elements that go into financial decision making which applies to corporations and their own personal lives in a simple framework. Whether it is learning about time value of money, bonds, capital budgeting or retirement planning, this book should make that process as straight-forward as possible. With the explosion of Open Educational Resource materials over the past few years, we saw this as a tool that could be made available to faculty as a launching point for their courses. Using a Creative Commons license that allows users to modify it to their needs with their own additions or through adding other resources, it is intended as not the final product, but the starting point. We hope that this process will keep the material current and flexible enough to help students gain not only a better grasp of finance, but also an interest in the field.https://digitalcommons.pittstate.edu/oer-business/1000/thumbnail.jp