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 … prices below those expected in second price auctions. Our proposed extension of the model results not only in a better fit of …