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The effect of bidders' asymmetries on expected revenue in auctions

✍ Scribed by Estelle Cantillon


Book ID
116505839
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
263 KB
Volume
62
Category
Article
ISSN
0899-8256

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## Abstract This paper tests three competing hypotheses regarding the effect of a β€œbuy it now” option in silent auctions: that the option has a positive, negative, or neutral effect on the seller's revenues. These hypotheses were tested on 4 years of data from a university art museum's silent aucti