IDEAS home Printed from https://ideas.repec.org/a/mve/journl/v38y2012i2p1-22.html
   My bibliography  Save this article

Presidential Memorabilia on eBay: Value, Minimum Bid, and Popularity

Author

Listed:
  • Jannett Highfill

    (Bradley University)

  • Kevin O’Brien

    (Bradley University)

Abstract

The paper develops a simple theoretical framework for empirical investigation of the final price, number of bids, and whether an item sold for eBay auction data collected in 2009-2010 for presidential memorabilia items. The explanatory variables include the eBay auction variables minimum bid, seller feedback, shipping and handling, and the buy-it-now feature, as well as some political variables and a measure of popularity. One contribution of the paper is the introduction of the popularity measure to the empirical analysis. The second contribution to the literature is a very simple theoretical model that distinguishes between a “seller” and a “dealer” to make a prediction about the effect of the minimum bid on the final price. The major empirical results are that (1) the coefficient on the minimum bid in the final price regressions is between zero and one as the theory predicts, and (2) the popularity variable has an effect on the final price but only via its effect on bids.

Suggested Citation

  • Jannett Highfill & Kevin O’Brien, 2012. "Presidential Memorabilia on eBay: Value, Minimum Bid, and Popularity," Journal of Economic Insight, Missouri Valley Economic Association, vol. 38(2), pages 1-22.
    • Handle: RePEc:mve:journl:v:38:y:2012:i:2:p:1-22
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jannett Highfill & Kevin M. O’Brien, 2018. "eBay Memorabilia Auctions vis-à -vis Predictions for the 2016 U.S. Presidential Election," The American Economist, Sage Publications, vol. 63(1), pages 71-78, March.

    More about this item

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • L8 - Industrial Organization - - Industry Studies: Services

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mve:journl:v:38:y:2012:i:2:p:1-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ken Brown (email available below). General contact details of provider: https://edirc.repec.org/data/mveaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.