Auction Characteristics and Outcomes: An Empirical Examination of eBay
Richard C. Becherer, Diane Halstead, Albert J. Taylor
Abstract
Richard C. Becherer, Diane Halstead, Albert J. Taylor
Abstract
Internet auctions have become a major aspect of e-Commerce, and one of them, eBay, has become the world's largest person-to-person auction site. This research examines several aspects of eBay auction offerings as they relate to two auction outcomes, the number of “sold” auctions and the final closing prices. Results confirm some of the previous findings and conclusions regarding auction outcomes, but little support was found for the effects of certain auction characteristics. Suggestions for online auction sellers are provided.
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Internet auctions have become a major aspect of e-Commerce, and one of them, eBay, has become the world's largest person-to-person auction site. This research examines several aspects of eBay auction offerings as they relate to two auction outcomes, the number of “sold” auctions and the final closing prices. Results confirm some of the previous findings and conclusions regarding auction outcomes, but little support was found for the effects of certain auction characteristics. Suggestions for online auction sellers are provided.
Key concepts: Empirical examination, Empirical research, Computer science, Business, Advertising, Statistics, Mathematics, Actuarial science