Efficient Entry in Competing Auctions
James Albrecht (),
Pieter Gautier () and
Susan Vroman ()
No gueconwpa~13-13-05, Working Papers from Georgetown University, Department of Economics
In this paper, we demonstrate the efficiency of seller entry in a model of competing auctions. We generalize the competitive search literature by simultaneously allowing for nonrival (many on one) meetings and private information. We consider both the case in which buyers learn their valuations before visiting a seller and the case in which they learn their valuations after visiting the seller. We also allow for seller heterogeneity with respect to reservation values.
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Journal Article: Efficient Entry in Competing Auctions (2014)
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Roger Lagunoff Professor of Economics Georgetown University Department of Economics Washington, DC 20057-1036
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