Efficient Entry in Competing Auctions † (original) (raw)

American Economic Review, 2014

Pieter Gautier

J. Vroman

Abstract

ABSTRACT In this paper, we demonstrate the efficiency of seller entry in a model of competing auctions in which we allow for both buyer and seller heterogeneity. This generalizes existing efficiency results in the competitive search literature by simultaneously allowing for nonrival (many-on-one) meetings and private information.

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