Modeling and estimating returns to seller reputation with unobserved heterogeneity in online auctions

Ji-Liang Shiu and Chia-Hung D. Sun

Economic Modelling, 2014, vol. 40, issue C, 59-67

Abstract: This study provides an alternative approach that takes account of the unobserved effects of each seller under a sample selection framework. Empirical findings, after converting the Yahoo! Japan Auctions dataset into unbalanced panel data, show that seller reputation remains an important factor for buyers when bidding on items, while the sample data confirm the unobserved heterogeneity of sellers and the sample selection problem.

Keywords: Internet auction; Unobserved heterogeneity; Unbalanced panel data; Sample selection model; Japan (search for similar items in EconPapers)
JEL-codes: D44 D8 L86 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:40:y:2014:i:c:p:59-67

DOI: 10.1016/j.econmod.2014.03.014

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