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Here’s how this auction site—created by a Bates College economics major—works: stuff (electronics, toys, jewelry, whatever) goes up at a “price ceiling” and then starts dropping, based on time and bidding, until it hits its “price floor.” PriceFalls deals such as no listing fees and the daily deals are great for both seller and buyer, and PF Deals members enjoy benefits like exclusive PriceFalls coupons, contest notices and more.