City Research Online

Internet auctions with a temporary buyout option

Che, X. (2011). Internet auctions with a temporary buyout option. Economics Letters, 110(3), pp. 268-271. doi: 10.1016/j.econlet.2010.11.022

Abstract

We model an Internet auction with a temporary buyout option. Our main result shows that under certain parameter values, there exist two types of equilibria where offering a temporary buyout option with an appropriate reserve price enables the seller to increase expected revenue.

Publication Type: Article
Additional Information: © Elsevier 2011. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Publisher Keywords: Internet auctions, Temporary buyout option, Entry cost
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HM Sociology
Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Departments: School of Policy & Global Affairs > Economics
[thumbnail of Buyout2011.pdf]
Preview
Text - Accepted Version
Available under License Creative Commons Attribution Non-commercial No Derivatives.

Download (262kB) | Preview

Export

Add to AnyAdd to TwitterAdd to FacebookAdd to LinkedinAdd to PinterestAdd to Email

Downloads

Downloads per month over past year

View more statistics

Actions (login required)

Admin Login Admin Login