IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v90y2008i2p306-320.html
   My bibliography  Save this article

Tractors on eBay: Differences between Internet and In-Person Auctions

Author

Listed:
  • Florian Diekmann
  • Brian E. Roe
  • Marvin T. Batte

Abstract

We provide a systematic examination of the differences between Internet and in-person auction prices for used tractors. A hedonic model estimated with transactions pooled between eBay and in-person auctions reveals statistically distinct price surfaces for the two auction venues and predicts significantly lower prices for comparable equipment sold on eBay, though this difference is attenuated for tractors fully covered by eBay's buyer protection program and is fully absent for the most frequently traded tractor. An endogenous venue selection model reveals that larger, more valuable tractors from states with more valuable stocks of machinery are more likely to be offered on eBay. Copyright 2008, Oxford University Press.

Suggested Citation

  • Florian Diekmann & Brian E. Roe & Marvin T. Batte, 2008. "Tractors on eBay: Differences between Internet and In-Person Auctions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(2), pages 306-320.
    • Handle: RePEc:oup:ajagec:v:90:y:2008:i:2:p:306-320
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/j.1467-8276.2007.01113.x
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

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


    Cited by:

    1. Feuz, Ryan, 2023. "Hedonic Price Analysis of Used Tractors," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 5(1), January.
    2. Milovanović, Slavoljub, 2014. "The Role And Potential Of Information Technology In Agricultural Improvement," Economics of Agriculture, Institute of Agricultural Economics, vol. 61(2), pages 1-15, June.
    3. Kevin Hasker & Robin Sickles, 2010. "eBay in the Economic Literature: Analysis of an Auction Marketplace," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 37(1), pages 3-42, August.
    4. Daninger, Nathan & Gunderson, Michael A., 2017. "The Pricing and Depreciation Patterns of Used Tractors," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258282, Agricultural and Applied Economics Association.
    5. Eric Overby & Chris Forman, 2011. "The Effect of Electronic Commerce on Geographic Trade and Price Variance in a Business-to-Business Market," Working Papers 11-30, NET Institute.

    More about this item

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

    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:oup:ajagec:v:90:y:2008:i:2:p:306-320. 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: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.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.