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 |
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