Ivanova-Stenzel, Radosveta; Grebe, Tim; Kröger, Sabine - Verein für Socialpolitik - VfS - 2014
In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study how sellers set Buy-it-Now prices when buyers have independent private values for a single object for sale. We test the predictions of a model by combining the real auction...