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Persistent link: https://www.econbiz.de/10012514807
Recent research suggests that auction winners sometimes fall prey to a "bidder's curse", paying more for an item at auction than they would have paid at a posted price. One explanation for this phenomenon is that bidders are inattentive to posted prices. We develop a model in which bidders'...
Persistent link: https://www.econbiz.de/10011599360