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The document analyzes the differences between buying and selling tractors on eBay versus in-person auctions, highlighting how technological advancements have transformed auction practices. It presents empirical evidence showing that average prices for tractors sold on eBay are significantly lower than those sold at in-person auctions, particularly for higher-value items. The study uses data from various auctions to explore price determination and seller preferences, concluding that while eBay offers flexibility and lower commissions, in-person auctions generally yield higher net revenues for more valuable tractors. For tractors under $20,000, eBay may be more advantageous for sellers.

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