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5 底价与存货量的Heckman回归
系数 标准偏差
底价
EXPER -0.006 (0.001)
INVENTORY 0.139*** (0.069)
SHIPCOST -0.650 (0.449)
POSFB 8.649 (18.040)
RETURN 27.748*** (4.697)
CONSTANT 67.943*** (18.102)
样本选择式(selection equation)
EXPER 0.0001*** (0.00004)
INVENTORY 0.018** (0.009)
SHIPCOST -0.019* (0.010)
POSFB -21.164*** (4.937)
RETURN 0.054 (0.100)
POSTDUR 0.343*** (0.028)
CONSTANT 20.981*** (4.910)
Inverse Mill's Ratio -44.517*** (9.336)
$ \rho $ -0.633{***} (0.133)
$ \sigma $ 70.329
Wald $ \chi^2 $(5) 42.23
p-value 0.000
样本数 1186
截断样本数 244
未截断样本数 942