网络拍卖中的底价: 理论与实证
陈恭平, 游雅婷

Reserve Prices in Online Auctions: Theory and Evidence
Kongpin CHEN, Yating YU
表4 对底价之回归结果
系数 标准偏差
底价
BIN 125.448*** (5.470)
FP 155.371*** (3.123)
SHIPCOST -1.225*** (0.307)
POSFB -36.566** (17.808)
RETURN 29.521*** (4.185)
CONSTANT 40.000** (18.185)
样本选择式(selection equation)
EXPER 0.001*** (0.0003)
INVENTORY -0.010*** (0.003)
SHIPCOST 0.006 (0.030)
POSFB -20.834* (12.560)
RETURN -0.023 (0.432)
POSTDUR 0.341*** (0.089)
CONSTANT 19.634 (12.052)
BIN
EXPER -0.0003** (0.0001)
INVENTORY 0.003 (0.004)
SHIPCOST 0.0001 (0.014)
POSFB -0.009 (0.638)
RETURN -0.003 (0.228)
CONSTANT 0.018 (1.307)
FP
EXPER -0.0003 (0.0002)
INVENTORY 0.015** (0.007)
SHIPCOST 0.016 (0.026)
POSFB 13.177 (8.679)
RETURN 0.186 (0.363)
CONSTANT -14.537* (8.628)
$ \sigma_1 $ 12.026*** (0.640)
$ \sigma_4 $ 3.031*** (0.579)
$ \rho_{12} $ 0.583*** (0.120)
$ \rho_{13} $ -0.139** (0.040)
$ \rho_{14} $ -0.068*** (0.014)
$ \rho_{23} $ 0.267 (0.247)
$ \rho_{24} $ 0.085 (0.138)
$ \rho_{34} $ 0.883*** (0.027)
样本数 1186