Competition among auctioneers in large markets
(2004)
Journal Article
Hernando-Veciana, Á. (2005). Competition among auctioneers in large markets. Journal of Economic Theory, 121(1), 107-127. https://doi.org/10.1016/j.jet.2004.03.001
We analyse a multistage game of competition among auctioneers. First, the auctioneers commit to some reserve prices; second, the bidders enter one auction, if any; and finally, the auctions take place. We show that for any finite set of feasible rese... Read More about Competition among auctioneers in large markets.