Abstract

  


 



Competition, Endogeneity and the Winning Bid: An Empirical Analysis of Ebay Auctions


Malathi R. Velamuri


affiliation not provided to SSRN

Ilke Onur


University of South Australia
October 1, 2011


Abstract:     
Using online auction data, we address the endogeneity involved in estimating the eff ect of the number of bidders on the winning bid. We introduce a novel instrumental variable. Our results indicate that the bias arising from treating the number of bidders as exogenous, is substantial.

Number of Pages in PDF File: 10

Keywords: online auctions, eBay, endogeneity, 2SLS, LIML

JEL Classification: D44, C36

working papers series


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Date posted: December 27, 2011  

Suggested Citation

Velamuri, Malathi R. and Onur, Ilke, Competition, Endogeneity and the Winning Bid: An Empirical Analysis of Ebay Auctions (October 1, 2011). Available at SSRN: http://ssrn.com/abstract=1977175 or http://dx.doi.org/10.2139/ssrn.1977175

Contact Information

Malathi R. Velamuri (Contact Author)
affiliation not provided to SSRN
Ilke Onur
University of South Australia ( email )
Adelaide, SA 5000
Australia

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