Article: Researchers from Niagara University describe findings in life sciences.(Report)

According to recent research from the United States, "In this paper we examine the choice of the opening bid on eBay by sellers of US Morgan dollar coins."

"We find that the opening bid is a function of the observed characteristics of the past transaction prices for the coin, the seller's characteristics and the fee structure imposed by the auctioneer. The results demonstrate that increasing the opening bid fee structure induces a lower optimal opening bid, while an increase in the degree of risk in the price distribution increases the opening bid," wrote M.I. Melnik and colleagues, Niagara University (see also Life Sciences).

The researchers concluded: ...

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