NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Dynamics and Efficiency in Decentralized Online Auction Markets

Kenneth Hendricks, Alan Sorensen

NBER Working Paper No. 25002
Issued in September 2018

---- Acknowledgments ----

We are grateful to Neil Sundaresan and eBay for providing data for this project, and to Matt Backus, Hugo Hopenhayn, Brad Larsen, Rob Porter, and Dan Quint for helpful suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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