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Competition Between Auctions

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Author Info

  • 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

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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Bibliographic Info

Paper provided by Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University in its series Experimental Economics Center Working Paper Series with number 2008-02.

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Length: 26
Date of creation: Jan 2008
Date of revision:
Handle: RePEc:exc:wpaper:2008-02

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Keywords: auctions; bidding; competition; auction formats; auction houses;

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References

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Citations

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Cited by:
  1. Alok Gupta & Stephen Parente & Pallab Sanyal, 2012. "Competitive bidding for health insurance contracts: lessons from the online HMO auctions," International Journal of Health Care Finance and Economics, Springer, vol. 12(4), pages 303-322, December.
  2. Kevin Yili Hong & Alex Chong Wang & Paul A. Pavlou, 2013. "How does Bid Visibility Matter in Buyer-Determined Auctions? Comparing Open and Sealed Bid Auctions in Online Labor Markets," Working Papers 13-05, NET Institute.
  3. Estelle Cantillon & Pai-Ling Yin, 2011. "Competition between Exchanges: A research Agenda," ULB Institutional Repository 2013/99386, ULB -- Universite Libre de Bruxelles.
  4. repec:wyi:wpaper:002025 is not listed on IDEAS
  5. repec:fee:wpaper:0901 is not listed on IDEAS
  6. Yongfu He & Peter Popkowski Leszczyc, 2013. "The impact of jump bidding in online auctions," Marketing Letters, Springer, vol. 24(4), pages 387-397, December.
  7. Jason Shachat & Lijia Wei, 2012. "Procuring Commodities: First-Price Sealed-Bid or English Auctions?," Marketing Science, INFORMS, vol. 31(2), pages 317-333, March.

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