More on Phantom Bidding

A phantom bidding model is analyzed for a sale auction. The following issues are addressed: the effects of phantom bidding on overall social welfare and buyers' profits. It is shown that social welfare may increase or decrease as the auctioneer switches from the fixed reserve price policy to ph...

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Bibliographische Detailangaben

Veröffentlicht in:	Economic theory 2000-05, Vol.15 (3), p.701-707
Hauptverfasser:	Bag, Parimal Kanti, Dinlersoz, Emin Murat, Wang, Ruqu
Format:	Artikel
Sprache:	eng
Schlagworte:	Auctioneers Auctions Bidding Business orders Economic theory Exposita Notes Social welfare
Online-Zugang:	Volltext
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