Tractors on Ebay: Differences between Internet and In-Person Auctions

Posted: 11 Apr 2008

See all articles by Florian Diekmann

Florian Diekmann

affiliation not provided to SSRN

Brian E. Roe

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics

Marvin Thomas Batte

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics

Date Written: 2007-08-08

Abstract

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.

Suggested Citation

Diekmann, Florian and Roe, Brian E. and Batte, Marvin Thomas, Tractors on Ebay: Differences between Internet and In-Person Auctions (2007-08-08). American Journal of Agricultural Economics, Vol. 90, Issue 2, pp. 306-320, May 2008. Available at SSRN: https://ssrn.com/abstract=1119004 or http://dx.doi.org/10.1111/j.1467-8276.2007.01113.x

Florian Diekmann

affiliation not provided to SSRN

No Address Available

Brian E. Roe (Contact Author)

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics ( email )

2120 Fyffe Rd
Columbus, OH 43210-1067
United States
614-688-5777 (Phone)

HOME PAGE: http://https://aede.osu.edu/our-people/brian-e-roe

Marvin Thomas Batte

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics ( email )

2120 Fyffe Rd
Columbus, OH 43210-1067
United States

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