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Competition Between Auctions

Author

Listed:
  • 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.

Suggested Citation

  • 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, 2008. "Competition Between Auctions," Experimental Economics Center Working Paper Series 2008-02, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
  • Handle: RePEc:exc:wpaper:2008-02
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    File URL: http://excen.gsu.edu/workingpapers/GSU_EXCEN_WP_2008-02.pdf
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    • 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.

    References listed on IDEAS

    as
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    Citations

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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. repec:eee:jouret:v:90:y:2014:i:4:p:445-462 is not listed on IDEAS
    3. repec:eee:joreco:v:19:y:2012:i:2:p:202-210 is not listed on IDEAS
    4. Jason Shachat & Lijia Wei, 2012. "Procuring Commodities: First-Price Sealed-Bid or English Auctions?," Marketing Science, INFORMS, vol. 31(2), pages 317-333, March.
    5. 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.
    6. 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.
    7. repec:bla:scotjp:v:64:y:2017:i:5:p:483-500 is not listed on IDEAS
    8. 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.
    9. 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.
    10. 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.

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    Keywords

    auctions; bidding; competition; auction formats; auction houses;

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