Buy-it-now or Take-a-chance: Price Discrimination through Randomized Auctions
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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
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美国国家经济研究局创建时间：
2012-12-01
