Peeters, Ronald; Strobel, Martin; Vermeulen, Dries; … - In: Games 7 (2016) 1, pp. 1-19
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...