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...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2016-03-01
|
| Series: | Games |
| Subjects: | |
| Online Access: | http://www.mdpi.com/2073-4336/7/1/8 |