This link has been bookmarked by 2 people . It was first bookmarked on 17 Oct 2006, by tony curzon price.
The same applies to selling your ad inventory. Put it in the hands of one large broker and you have no idea if you're making as much as you can on every impression. That ad network picks buyers for your inventory based on its own needs, and arbitrarily determines its value as a result.
By contrast, auction every single impression in an open marketplace and you guarantee that the buyer who is willing to pay the most for an impression can access and bid for it. Competition determines who buys your inventory--the market determines its true value.
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