English, Article edition: BIDDER WELFARE IN AN AUCTION WITH A BUYOUT OPTION TIMOTHY MATHEWS

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/144786
Physical Description
  • article
Language
  • English

Edition details

Title
  • BIDDER WELFARE IN AN AUCTION WITH A BUYOUT OPTION
Author
  • TIMOTHY MATHEWS
Physical Description
  • article
Notes
  • A buyout option enhances an auction by allowing a bidder to purchase the item at a pre-specified price (instead of attempting to obtain the item by way of auction). A comparison is made between the ex ante welfare of bidders in an auction with a buyout option to a traditional auction with no such option. The impact on bidder welfare is shown to depend upon the distribution from which bidder valuations are drawn. In comparison to a traditional auction with no buyout option, when a buyout option is in place either: all bidders are weakly better off (in which case the option results in an ex ante Pareto improvement) or bidders with "relatively high valuations" are worse off.
  • Auctions, Internet, Buyout Option, Bidder Welfare, JEL Classification: D44, JEL Classification: L86, JEL Classification: D6
  • RePEc:wsi:igtrxx:v:08:y:2006:i:04:p:595-612
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment