Consumers have moved on from online auctions, study says

08/7/2013 | Entrepreneur online

A growing number of consumers don't find online auctions fun anymore, and the model once predicted to dominate e-commerce is rapidly disappearing in favor of fixed-price online retail, according to researchers at Stanford University and eBay Research Labs. "Ten years ago, Internet auctions were a form of online entertainment. Today, YouTube, Facebook and other online diversions may have increased the demand for convenient shopping," the study says.

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