Secret reservation prices in eBay auctions boost seller revenue for luxury goods.
The study looks at how sellers on eBay can make more money by keeping their minimum selling price a secret. When sellers keep the price secret, more people bid on the item, especially for fancy things. This means more money for the seller. But if the number of bidders is fixed, it doesn't matter if the price is secret or not. Lots of real-life examples back up these findings.