trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction …

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides … evidence that average prices and profits are quite precisely predicted by the theoretical benchmark. However, a significant …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …

cognitive skills. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … in Buy-It-Now auctions, as to this point little is known about how sellers set Buy-It-Now prices. We investigate into …

between auction formats. The finding is that bidders strongly prefer the ascending to the first price sealed bid auction on a … ceteris paribus basis but they are not willing to pay up to an entry price for entering into an ascending auction instead of a … for bidders' auction choice behavior leaving risk aversion as the only un-falsified hypothesis. …

opportunity to accept a posted price offer from the seller before the start of the auction. Bringing the field into the lab, we …

In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study … level that eBay auction prices deviate from prices based on true value bidding. Sellers adjust their Buy-it-Now prices … how sellers set Buy-it-Now prices when buyers have independent private values for a single object for sale. We test the …