Anderson, Steven; Friedman, Daniel; Milam, Garrett; … - Volkswirtschaftliche Fakultät, … - 2007
. The ‘Buy it Now’ option allows the seller to convert the auction into a posted price market. We use a structural model to … were more prevalent for used items. In explaining auction outcomes, we find that auctions with a ‘Buy it Now’ price had … price, was an effective strategy for sellers in the sample. …