Shiu, Ji-Liang; Sun, Chia-Hung D. - In: Economic Modelling 40 (2014) C, pp. 59-67
This study provides an alternative approach that takes account of the unobserved effects of each seller under a sample selection framework. Empirical findings, after converting the Yahoo! Japan Auctions dataset into unbalanced panel data, show that seller reputation remains an important factor...