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Competition Between Auctions

Haruvy, Ernan
Popkowski Leszczyc, Peter
Carare, Octavian
Cox, James
Greenleaf, Eric
Jank, Wolfgang
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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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2008-01-01
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Research Projects
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Keywords
Auctions, bidding, competition, auction formats, auction houses
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