Prices versus auctions in large markets

DOI10.1007/S00199-020-01313-WMaRDI QIDQ2074061zbMATH OpenOpenAlexFDO

Authors Hanzhe Zhang

Publication date 4 February 2022

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL http://econ.msu.edu/repec/wp/191217paper.pdf

zbMATH Keywords

auctionoptimal mechanismposted pricereserve price

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Posted price selling and online auctions
• Equivalence of auctions and posted prices
• Competition among sellers who offer auctions instead of prices
• Sequentially optimal auctions
• Mechanism Design by Competing Sellers

Cites work

• A Disneyland Dilemma: Two-Part Tariffs for a Mickey Mouse Monopoly
• An ascending double auction
• Auctions with a buy price
• Auctions with costly information acquisition
• Auctions with dynamic populations: efficiency and revenue maximization
• Bargaining and reputation in search markets
• Competing first-price and second-price auctions
• Competition among sellers who offer auctions instead of prices
• Convergence to perfect competition of a dynamic matching and bargaining market with two-sided incomplete information and exogenous exit rate
• Declining valuations in sequential auctions
• Dynamic Markets with Competitive Bidding
• Dynamic Matching, Two-Sided Incomplete Information, and Participation Costs: Existence and Convergence to Perfect Competition
• Equilibria in second-price auctions with private participation costs
• Equilibrium in a Market with Sequential Bargaining
• Equivalence of auctions and posted prices
• How efficient are decentralized auction platforms?
• Mechanism Design by Competing Sellers
• Mid-auction information acquisition
• Optimal Auction Design
• Price Discrimination by a Many-Product Firm
• Releasing information in private-value second-price auctions
• Second-price auctions with sequential and costly participation
• Sequential auctions with randomly arriving buyers
• Survival auctions
• The efficiency of real-world bargaining: evidence from wholesale used-auto auctions
• When and why not to auction

Cited in

(7)

• Competition among auctioneers in large markets
• Auctions, market efficiency, and the trade in second-hand and antique silver
• Posted price selling and online auctions
• Posted price offers in internet auction markets
• Auction timing and market thickness
• Internet auctions with many traders
• Selling shares to retail investors: auction vs. fixed price

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