Peeters, Ronald; Strobel, Martin; Vermeulen, Dries; … - Maastricht : METEOR, Maastricht Research School of … - 2007
In a laboratory experiment, we investigate the impact of temporary buy-options on efficiency, revenues, and bidding behavior in online proxy-auctions when bidders have independent private valuations. We show that the introduction of a buy-option reduces efficiency and at the same time fails to...