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PENNIES FROM EBAY: THE DETERMINANTS OF PRICE IN ONLINE AUCTIONS*
Open accessAbstract
This paper presents an exploratory analysis of the determinants of prices in online auctions for collectible United States one‐cent coins at the eBay web site. Starting with an initial data set of 20,000 auctions, we perform regression analysis on a restricted sample of 461 coins for which we obtained estimates of book value. We have three major findings. First, a seller's feedback ratings, reported by other eBay users, have a measurable effect on her auction prices. Negative feedback ratings have a much greater effect than positive feedback ratings do. Second, minimum bids and reserve prices have positive effects on the final auction price. In particular, minimum bids appear only to have a significant effect when they are binding on a single bidder, as predicted by theory. Third, when a seller chooses to have her auction last for a longer period of days, this significantly increases the auction price on average.
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Research works printed but not linked: 7
- 10.2307/1593721 · DOI · Paper page
- Cohen Adam, 2002, The Perfect Store: Inside eBay
- Haskett James L., 1997, The Service Profit Chain: How Leading Companies Link Profit and Growth to Loyalty, Satisfaction, and Value
- 10.2307/136037 · DOI
- Lucking‐Reiley David, 2000, Auctions on the Internet, Journal of Industrial Economics, 48, 227, 10.1111/1467-6451.00122 · DOI · Paper page
- 10.1257/jep.14.3.183 · DOI
- Slovic P., 1996, Fundamentals of Risk Analysis and Risk Management, 233
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Metadata
- Authors
- LUCKING‐REILEY, D., BRYAN, D., PRASAD, N., & REEVES, D.
- Venue
- The Journal of Industrial Economics
- Publisher
- Wiley
- Published
- 2007-06
- Volume
- 55
- Issue
- 2
- Pages
- 223-233
- ISSN
- 0022-1821 (ISSN-L)
- 1467-6451
- OpenAlex
- W2142609574
- Cited by
- 557
- References
- 0
- FWCI
- 72.49
- Type
- journal article
- Language
- en
- Open access
- bronze
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- CoChat. (2026). Citation check: PENNIES FROM EBAY: THE DETERMINANTS OF PRICE IN ONLINE AUCTIONS*. https://app.cochat.ai/papers/10.1111/j.1467-6451.2007.00309.x
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- LUCKING‐REILEY, D., BRYAN, D., PRASAD, N., & REEVES, D. (2007). PENNIES FROM EBAY: THE DETERMINANTS OF PRICE IN ONLINE AUCTIONS*. The Journal of Industrial Economics. https://doi.org/10.1111/j.1467-6451.2007.00309.x
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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