Please use this identifier to cite or link to this item: https://doi.org/10.1109/TEM.2013.2282866
Title: Response to buyout options in internet auctions
Authors: Tan, C.-H.
Goh, K.Y. 
Teo, H.-H. 
Yang, X.
Keywords: Buyout option and permanence
choice
Internet auction
price contrast
reserve price
Issue Date: 2014
Source: Tan, C.-H., Goh, K.Y., Teo, H.-H., Yang, X. (2014). Response to buyout options in internet auctions. IEEE Transactions on Engineering Management 61 (2) : 285-297. ScholarBank@NUS Repository. https://doi.org/10.1109/TEM.2013.2282866
Abstract: A buyout option allows a bidder to acquire an auctioned product immediately at a posted price without going through the hassle of monitoring the auction process and submitting bids. This study examines the influence of three forms of buyout options, namely, temporary without reserve price (TempNR) (i.e., option ceases to exist once the first bid is received), temporary with reserve price (TempR) (i.e., option ceases to exist once the bid received is equal to or more than the reserve price), and permanent (Perm) (i.e., option is available until the end of the auction or when a bidder chooses to buy out) on the decision of a bidder in Internet auctions. The first two auction forms can be labeled as temporary buyout options. By using two studies, we demonstrate that a bidder is more likely to be averse to losses and exhibits a higher propensity to buy out in the presence of Perm. However, when faced with temporary buyout options (i.e., TempNR or TempR), a bidder would prevent other bidders from prematurely ending the auction by attempting to 'remove' the buyout option. © 1988-2012 IEEE.
Source Title: IEEE Transactions on Engineering Management
URI: http://scholarbank.nus.edu.sg/handle/10635/77910
ISSN: 00189391
DOI: 10.1109/TEM.2013.2282866
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

Page view(s)

53
checked on Feb 19, 2018

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.