Competition Between Auctions
Marketing Letters, Vol. 19, Nos. 3-4, pp. 431-448, 2008
18 Pages Posted: 14 Apr 2009 Last revised: 19 Nov 2017
Date Written: April 13, 2009
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.
Keywords: auctions, bidding, competition, auction formats, auction houses
JEL Classification: D44, M31
Suggested Citation: Suggested Citation