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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 Arts & Social Sciences > Economics
URI: http://openaccess.city.ac.uk/id/eprint/22465
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