{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,11,1]],"date-time":"2025-11-01T21:30:36Z","timestamp":1762032636402},"reference-count":7,"publisher":"World Scientific Pub Co Pte Lt","issue":"04","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Int. Game Theory Rev."],"published-print":{"date-parts":[[2006,12]]},"abstract":"<jats:p> 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. <\/jats:p>","DOI":"10.1142\/s0219198906001132","type":"journal-article","created":{"date-parts":[[2007,2,13]],"date-time":"2007-02-13T09:20:13Z","timestamp":1171358413000},"page":"595-612","source":"Crossref","is-referenced-by-count":8,"title":["BIDDER WELFARE IN AN AUCTION WITH A BUYOUT OPTION"],"prefix":"10.1142","volume":"08","author":[{"given":"TIMOTHY","family":"MATHEWS","sequence":"first","affiliation":[{"name":"Department of Economics, California State University-Northridge, 18111 Nordhoff St., Northridge, CA 91330-8374, USA"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"219","published-online":{"date-parts":[[2011,11,20]]},"reference":[{"key":"rf1","doi-asserted-by":"publisher","DOI":"10.1016\/S0165-1765(01)00438-4"},{"key":"rf3","doi-asserted-by":"publisher","DOI":"10.1006\/jeth.1998.2425"},{"key":"rf4","doi-asserted-by":"publisher","DOI":"10.1111\/1467-6451.00122"},{"key":"rf5","volume":"5","author":"Mathews T.","journal-title":"Brazilian Electronic Journal of Economics"},{"key":"rf6","doi-asserted-by":"crossref","first-page":"25","DOI":"10.1007\/s00712-003-0006-1","volume":"81","author":"Mathews T.","journal-title":"Journal of Economics (Zeitschrift f\u00fcr National\u00f6konomie)"},{"key":"rf7","doi-asserted-by":"publisher","DOI":"10.1007\/s00199-004-0571-8"},{"key":"rf8","author":"Reynolds S.","journal-title":"Economic Theory"}],"container-title":["International Game Theory Review"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.worldscientific.com\/doi\/pdf\/10.1142\/S0219198906001132","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,8,6]],"date-time":"2019-08-06T22:03:23Z","timestamp":1565129003000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S0219198906001132"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2006,12]]},"references-count":7,"journal-issue":{"issue":"04","published-online":{"date-parts":[[2011,11,20]]},"published-print":{"date-parts":[[2006,12]]}},"alternative-id":["10.1142\/S0219198906001132"],"URL":"https:\/\/doi.org\/10.1142\/s0219198906001132","relation":{},"ISSN":["0219-1989","1793-6675"],"issn-type":[{"value":"0219-1989","type":"print"},{"value":"1793-6675","type":"electronic"}],"subject":[],"published":{"date-parts":[[2006,12]]}}}