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Benford's Law and Psychological Barriers in Certain eBay Auctions

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Author Info
Ocean Fan Lu (Department of Economics, University of Victoria)
David E. A. Giles () (Department of Economics, University of Victoria)

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Abstract

Using generalizations of Benford’s Law we test for the absence of psychological barriers at various price levels in eBay auctions for professional football tickets. Our empirical results indicate that this hypothesis cannot be rejected.

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File URL: http://web.uvic.ca/econ/research/papers/ewp0606.pdf
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Publisher Info
Paper provided by Department of Economics, University of Victoria in its series Econometrics Working Papers with number 0606.

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Length: 8 pages
Date of creation: 21 Sep 2006
Date of revision:
Handle: RePEc:vic:vicewp:0606

Note: ISSN 1485-6441
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Postal: PO Box 1700, STN CSC, Victoria, BC, Canada, V8W 2Y2
Phone: (250)721-8540
Fax: (250)721-6214
Web page: http://web.uvic.ca/econ
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Related research
Keywords: Psychological barriers; auction prices; Benford’s law;

Find related papers by JEL classification:
C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Hypothesis Testing
D44 - Microeconomics - - Market Structure and Pricing - - - Auctions

This paper has been announced in the following NEP Reports:

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