Stephen Bové - Art, Technology, Right Action

Friday, November 10, 2006

Robert M. Gates and Efficient Markets

Originally uploaded by sbove.
Gates appointed by Bush as new Secretary of Defense. Search for his book on Amazon, find a used copy in paperback for $11. Forget to order it, come back one day later, cheapest available now $22, up 100% in less than 24 hours. Nice market effect.

Searched around with Froogle to find pockets in the market...the less popular sites had a few copies where the price was fixed by the store on "inventory" as opposed to Amazon's open market. Got one for $11 including shiping (cheaper than it would have been on Amazon in the first place) from Abe's books.

Too bad I'm not in the book arbitrage business. I could probably make lunch money doing it.

Sales Order No.: 55049554
Bookseller: Booketeria
Payment Processed By: Abebooks
Estimated Delivery Date: December 6, 2006

Author: Gates, Robert M.
Title: From the Shadows
Bookseller Book No.: 003739
Price: US$ 7.55

Book Description: 1996. Simon & Schuster. 1st pr. Dj is very wron &
Wrinkled is damaged at top & bottom of spine. VG/Worn. War0955

Date Processed: November 10, 2006
Approximate Shipping Speed: 5 - 18 business days
Orders are usually shipped within 2 business days

Total Book Price: US$ 7.55
Updated Shipping: US$ 3.45
Updated Total Order Amount: US$ 11.00


Post a Comment

<< Home