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Competition between auctions

Author

Listed:
  • Ernan Haruvy
  • Peter Popkowski Leszczyc
  • Octavian Carare
  • James Cox
  • Eric Greenleaf
  • Wolfgang Jank
  • Sandy Jap
  • Young-Hoon Park
  • Michael 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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Suggested Citation

  • Ernan Haruvy & Peter Popkowski Leszczyc & Octavian Carare & James Cox & Eric Greenleaf & Wolfgang Jank & Sandy Jap & Young-Hoon Park & Michael Rothkopf, 2008. "Competition between auctions," Marketing Letters, Springer, vol. 19(3), pages 431-448, December.
    • Handle: RePEc:kap:mktlet:v:19:y:2008:i:3:p:431-448
    DOI: 10.1007/s11002-008-9037-2
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    References listed on IDEAS

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    Cited by:

    1. Yongfu He & Peter Popkowski Leszczyc, 2013. "The impact of jump bidding in online auctions," Marketing Letters, Springer, vol. 24(4), pages 387-397, December.
    2. Dass, Mayukh & Reddy, Srinivas K. & Iacobucci, Dawn, 2014. "A Network Bidder Behavior Model in Online Auctions: A Case of Fine Art Auctions," Journal of Retailing, Elsevier, vol. 90(4), pages 445-462.
    3. Sun, Xiaotong & Yin, Yafeng, 2021. "An auction mechanism for platoon leader determination in single-brand cooperative vehicle platooning," Economics of Transportation, Elsevier, vol. 28(C).
    4. Chen, Shu-Ching, 2012. "The customer satisfaction–loyalty relation in an interactive e-service setting: The mediators," Journal of Retailing and Consumer Services, Elsevier, vol. 19(2), pages 202-210.
    5. Popkowski Leszczyc, Peter T.L. & Qiu, Chun & He, Yongfu, 2009. "Empirical Testing of the Reference-Price Effect of Buy-Now Prices in Internet Auctions," Journal of Retailing, Elsevier, vol. 85(2), pages 211-221.
    6. Jason Shachat & Lijia Wei, 2012. "Procuring Commodities: First-Price Sealed-Bid or English Auctions?," Marketing Science, INFORMS, vol. 31(2), pages 317-333, March.
    7. Alok Gupta & Stephen Parente & Pallab Sanyal, 2012. "Competitive bidding for health insurance contracts: lessons from the online HMO auctions," International Journal of Health Economics and Management, Springer, vol. 12(4), pages 303-322, December.
    8. Cantillon, Estelle & Yin, Pai-Ling, 2011. "Competition between exchanges: A research agenda," International Journal of Industrial Organization, Elsevier, vol. 29(3), pages 329-336, May.
    9. Samdanis, Marios & Lee, Soo Hee, 2019. "Uncertainty, strategic sensemaking and organisational failure in the art market: What went wrong with LVMH's investment in Phillips auctioneers?," Journal of Business Research, Elsevier, vol. 98(C), pages 475-488.
    10. Lisa Farrell & Tim R.L. Fry, 2017. "Pre-sale information and hammer prices for Australian Indigenous art," Scottish Journal of Political Economy, Scottish Economic Society, vol. 64(5), pages 483-500, November.
    11. Ernan Haruvy & Peter T. L. Popkowski Leszczyc, 2010. "The Impact of Online Auction Duration," Decision Analysis, INFORMS, vol. 7(1), pages 99-106, March.
    12. Ødegaard, Fredrik & Anderson, Chris K., 2014. "All-pay auctions with pre- and post-bidding options," European Journal of Operational Research, Elsevier, vol. 239(2), pages 579-592.
    13. Wolfgang Jank & Galit Shmueli & Shu Zhang, 2010. "A flexible model for estimating price dynamics in on‐line auctions," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 59(5), pages 781-804, November.
    14. Wolfgang Jank & Shu Zhang, 2011. "An Automated and Data-Driven Bidding Strategy for Online Auctions," INFORMS Journal on Computing, INFORMS, vol. 23(2), pages 238-253, May.
    15. 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.
    16. Mohammad Zia & Ram C. Rao, 2019. "Search Advertising: Budget Allocation Across Search Engines," Marketing Science, INFORMS, vol. 38(6), pages 1023-1037, November.

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