Journal
AMERICAN ECONOMIC JOURNAL-MICROECONOMICS
Volume 7, Issue 2, Pages 215-247Publisher
AMER ECONOMIC ASSOC
DOI: 10.1257/mic.20130046
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Funding
- National Science Foundation
- Sloan Foundation
- Stanford Institute for Economic Policy Research
- Toulouse Network on Information Technology
- Divn Of Social and Economic Sciences
- Direct For Social, Behav & Economic Scie [1227606] Funding Source: National Science Foundation
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We use data from eBay to identify hundreds of thousands of instances in which retailers posted otherwise identical product listings with targeted variation in pricing and auction design. We use these matched listings to measure the dispersion in auction prices for identical goods sold by the same seller, to estimate nonparametric auction demand curves, to analyze the effect of buy it now options, and to assess consumer sensitivity to shipping fees. The scale of the data allows us to show that the estimates are robust to narrower criteria for matching listings, thereby addressing plausible concerns about endogeneity and selection biases.
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