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  3. American Economic Review
  4. October 2014
  5. Efficient Entry in Competing Auctions

Efficient Entry in Competing Auctions

  • James Albrecht
  • Pieter A. Gautier
  • Susan Vroman
American Economic Review
vol. 104, no. 10, October 2014
(pp. 3288-96)
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Abstract

In this paper, we demonstrate the efficiency of seller entry in a model of competing auctions in which we allow for both buyer and seller heterogeneity. This generalizes existing efficiency results in the competitive search literature by simultaneously allowing for nonrival (many-on-one) meetings and private information.

Citation

Albrecht, James, Pieter A. Gautier, and Susan Vroman. 2014. "Efficient Entry in Competing Auctions." American Economic Review, 104 (10): 3288-96. DOI: 10.1257/aer.104.10.3288

Additional Materials

JEL Classification

  • D44 Auctions
  • D82 Asymmetric and Private Information; Mechanism Design