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An Investigation Of Internet Auction Markets: Evidence From Ebay, Kevin Bracker

Journal of International Information Management

The purpose of this paper was to examine a market with different characteristics than a typical "financial" market using high frequency continuous transactions data. The market selected for this purpose was an Internet auction market for collectibles, specifically Ty Glory Bears™ sold on the eBay, Inc. web site. This market was chosen for its relatively high activity and homogeneity. The results indicated evidence of signaling related to seller's reputation and product information, seasonality based on day-of-the-week, and limited market depth.