How different are consumers in Internet auction markets? Evidence from Japan and Taiwan

Kang Ernest Liu, Ji-Liang Shiu and Chia-Hung Sun ()

Japan and the World Economy, 2013, vol. 28, issue C, 1-12

Abstract: This study provides evidence of consumers’ different attitudes toward asymmetric information in different Internet auction markets, using data of the iPod nano MP3 player from Yahoo! Japan Auctions and Yahoo! Kimo. The estimation results indicate that while non-positive reputation has a negative strong effect on new iPod nanos, but not for their used ones in Japan, seller reputation has a positive and significant effect on used iPod nanos, but little impact on new ones in Taiwan. In addition, auctions including shipping and handling charges significantly lower sale probability and increase auction prices in Japan, but this is not the case for Taiwan.

Keywords: Internet auction; Sample selection model; Japan; Taiwan (search for similar items in EconPapers)
JEL-codes: D44 D8 L86 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eee:japwor:v:28:y:2013:i:c:p:1-12

DOI: 10.1016/j.japwor.2013.06.001

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