@article {53,
	title = {Competing Auctions},
	journal = {Journal of European Economic Association},
	volume = {2},
	number = {1},
	year = {2004},
	pages = {30-66},
	abstract = {This paper examines a simple model of competing auction sites to give some insights into the concentration of auction markets. In our model, there are B ex-ante identical buyers, each with unit demand, and S sellers, each with a single unit of the good to sell and a reservation value of zero. At the start of the model, buyers and sellers simultaneously choose between two possible locations. Buyers then learn their private values for the good, and a uniform-price auction is held at each location. This is a very stark model, but we believe that it provides some useful insights, and that it serves as a benchmark case for richer and more realistic models.},
	url = {https://doi.org/10.1162/154247604323015472},
	author = {Glenn Ellison and Drew Fudenberg and Markus Mobius}
}
