Buy-It-Now or Take-a-Chance: Price Discrimination Through Randomized Auctions
Buy-It-Now or Take-a-Chance: Price Discrimination Through Randomized Auctions
About this item
Full title
Author / Creator
Publisher
Linthicum: INFORMS
Journal title
Language
English
Formats
Publication information
Publisher
Linthicum: INFORMS
Subjects
More information
Scope and Contents
Contents
Increasingly detailed consumer information makes sophisticated price discrimination possible. At fine levels of aggregation, demand may not obey standard regularity conditions. We propose a new randomized sales mechanism for such environments. Bidders can “buy-it-now” at a posted price, or “take-a-chance” in an auction where the top
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> 1 bid...
Alternative Titles
Full title
Buy-It-Now or Take-a-Chance: Price Discrimination Through Randomized Auctions
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_jstor_primary_24550347
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_jstor_primary_24550347
Other Identifiers
ISSN
0025-1909
E-ISSN
1526-5501
DOI
10.1287/mnsc.2014.2009
