North America emerges as the fastest-growing region in the whiskey market, commanding a robust 30% market share with a substantial market size of USD 3.69 billion in 2023.
The prices of auctions on eBay often exceed eBay's fixed-price "Buy- It-Now" prices. I investigate the causes of this overbidding, focusing on the interpretation in Malmendier and Lee (2011) that the
