Efficient Entry in Competing Auctions
- (pp. 3288-96)
AbstractIn 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.
CitationAlbrecht, 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
- D44 Auctions
- D82 Asymmetric and Private Information; Mechanism Design