A Note on Buyers’ Behavior in Auctions with an Outside Option
In this note I show that the equilibrium in cutoff strategies observed in auctions with a buy-it-now price may also arise in markets where objects are sold simultaneously by auctions and posted prices. However, contrary to auctions with a buy-it-now price where buyers need to know only the total num...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-07-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/11/3/26 |