The Impact of the Irrelevant: Temporary Buy-Options and Bidding Behavior in Auctions
With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and bidding behavior in (online) proxy-auctions with independent private valuations. We show that temporary buy-options may reduce revenues for two reasons: At low buy-prices, the application...
| Principais autores: | , , , |
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| Formato: | Artigo |
| Idioma: | English |
| Publicado em: |
MDPI AG
2016-03-01
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| coleção: | Games |
| Assuntos: | |
| Acesso em linha: | http://www.mdpi.com/2073-4336/7/1/8 |