American journal of agricultural economics, 2008-05, Vol.90 (2), p.306-320
2008
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Details
- Autor(en) / Beteiligte
- Titel
- Tractors on eBay: Differences between Internet and In-Person Auctions
- Ist Teil von
- American journal of agricultural economics, 2008-05, Vol.90 (2), p.306-320
- Ort / Verlag
- Malden: Oxford University Press
- Erscheinungsjahr
- 2008
- Quelle
- Business Source Ultimate【Trial: -2024/12/31】【Remote access available】
- Beschreibungen/Notizen
- We provide a systematic examination of the differences between Internet and in-person auction prices for used tractors. A hedonic model estimated with transactions pooled between eBay and in-person auctions reveals statistically distinct price surfaces for the two auction venues and predicts significantly lower prices for comparable equipment sold on eBay, though this difference is attenuated for tractors fully covered by eBay's buyer protection program and is fully absent for the most frequently traded tractor. An endogenous venue selection model reveals that larger, more valuable tractors from states with more valuable stocks of machinery are more likely to be offered on eBay.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0002-9092eISSN: 1467-8276DOI: 10.1111/j.1467-8276.2007.01113.xTitel-ID: cdi_proquest_miscellaneous_37024973
- Format
- –
- Schlagworte
- Agricultural economics, Agricultural equipment, auction, Auctioneers, Auctions, Bidding, Comparative studies, Consistent estimators, D440, eBay, Electronic commerce, endogenous switching regression, farm equipment, Farm machinery, Farm tractors, Fees, hedonic models, Internet, L640, Machinery, Modeling, Price models, Pricing, Revenue, Risk aversion, Sales commissions, Tractors, U.S.A