Efficient Entry in Competing Auctions
研究了在买卖双方异质且存在非竞争性匹配和私人信息的竞争性拍卖模型中,卖方进入是否有效,扩展了竞争性搜索文献中的效率结论。
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.