vehicle characteristics to present RD estimates of reserve price effects on auction outcomes. Our first set of results show … that, in line with the robust predictions of auction theory, an increase in reserve price decreases the number of bidders … price than those of the average bidder, suggesting auction winners are not the marginal entrant. -- auctions ; regression …

Along the standard measures of price dispersion, this paper proposes a new method, the residual variance model, to … examine the levels of price and price variation within and across 10 kinds of physically identical products on eBay UK. The … results find that the price levels and price dispersions on eBay are lower than the ones reported in the prior literature …