Internet auctions with 'Buy it Now' option see higher winning bids
The article looks at how sellers in online auctions use a 'Buy it Now' option to set a fixed price for their items. They found that sellers with higher ratings and selling fewer items were more likely to use this option. Also, auctions with a 'Buy it Now' price tended to have higher winning bids, even if the item wasn't bought right away. This suggests that setting a fixed price can help sellers get better prices for their items.