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文章基本信息

  • 标题:Competing Auctions
  • 作者:Glenn Allison ; Drew Fudenberg
  • 期刊名称:HIER Discussion Paper Series / Harvard Institute of Economic Research
  • 出版年度:2002
  • 卷号:2002
  • 出版社:Harvard Institute of Economic Research
  • 摘要:This paper studies the conditions under which two competing and otherwise identical markets or auction sites of different sizes can coexist in equilibrium, without the larger one attracting all of the smaller one’s patrons. We find that the range of equilibrium market sizes depends on the aggregate buyer-seller ratio, and also whether the markets are especially "thin."
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