Internet Auctions with a Temporary Buyout Option
Access status:
Open Access
Type
Working PaperAuthor/s
Che, XiaoGangAbstract
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.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.
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Date
2010-12-01Issue
2010-07Publisher
Discipline of EconomicsLicence
OtherFaculty/School
Faculty of Arts and Social Sciences, School of EconomicsDepartment, Discipline or Centre
Discipline of EconomicsShare