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Efficient Entry in Competing Auctions

James Albrecht (), Pieter Gautier () and Susan Vroman ()

American Economic Review, 2014, vol. 104, issue 10, 3288-96

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.

JEL-codes: D44 D82 (search for similar items in EconPapers)
Date: 2014
Note: DOI: 10.1257/aer.104.10.3288
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