MELNIK, MIKHAIL I.; XU, YONGSHENG; ALM, JAMES - In: Manchester School 77 (2009) 4, pp. 411-429
In this paper we examine the choice of the opening bid on eBay by sellers of US Morgan dollar coins. We find that the opening bid is a function of the observed characteristics of the past transaction prices for the coin, the seller's characteristics and the fee structure imposed by the...