Article ID Journal Published Year Pages File Type
957191 Journal of Economic Theory 2012 4 Pages PDF
Abstract

We consider a market in which sellers compete for buyers by advertising reserve prices for second-price auctions. Applying the limit equilibrium concept developed in Peters and Severinov (1997) [1], we show that the competitive matching equilibrium is characterized by a reserve price of zero. This corrects a result in Peters and Severinov (1997) [1].

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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A note on Peters and Severinov, “Competition among sellers who offer auctions instead of prices”
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