کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5075807 1477184 2014 7 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Competition, endogeneity and the winning bid: An empirical analysis of eBay auctions
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری مدیریت فناوری و نوآوری
پیش نمایش صفحه اول مقاله
Competition, endogeneity and the winning bid: An empirical analysis of eBay auctions
چکیده انگلیسی
Using a dataset of Texas Instruments (TI) calculator auctions on eBay, we estimate the impact of the number of bidders on the winning bid. We highlight the possible endogeneity associated with using the number of observed bidders. We tackle this problem by employing approaches involving instrumental variables. We introduce a novel instrumental variable, the closing interval between successive auctions. Estimates from the two-stage least squares (2SLS) regression are over three times those from an ordinary least squares (OLS) regression.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Information Economics and Policy - Volume 26, March 2014, Pages 68-74
نویسندگان
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