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Competition between auctions |
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| Authors: | Ernan Haruvy Peter T L Popkowski Leszczyc Octavian Carare James C Cox Eric A Greenleaf Wolfgang Jank Sandy Jap Young-Hoon Park Michael H Rothkopf |
| Institution: | 1. University of Texas at Dallas, Richardson, TX, USA 2. University of Alberta, Edmonton, AB, Canada 3. Georgia State University, Atlanta, GA, USA 4. New York University, New York, NY, USA 5. University of Maryland, College Park, MD, USA 6. Emory University, Atlanta, GA, USA 7. Cornell University, Ithaca, NY, USA 8. Pennsylvania State University, State College, PA, USA |
| Abstract: | Even though auctions are capturing an increasing share of commerce, they are typically treated in the theoretical economics literature as isolated. That is, an auction is typically treated as a single seller facing multiple buyers or as a single buyer facing multiple sellers. In this paper, we review the state of the art of competition between auctions. We consider three different types of competition: competition between auctions, competition between formats, and competition between auctioneers vying for auction traffic. We highlight the newest experimental, statistical, and analytical methods in the analysis of competition between auctions. |
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