Phantom bidding against heterogeneous bidders


Journal Article

If IPV bidders are distributionally heterogeneous then a revenue maximizing English auctioneer will, in general, find it optimal to use a non-constant reserve price that is a function of the observed bid sequence. An example is provided. © 1990.

Full Text

Duke Authors

Cited Authors

  • Graham, DA; Marshall, RC; Richard, JF

Published Date

  • January 1, 1990

Published In

Volume / Issue

  • 32 / 1

Start / End Page

  • 13 - 17

International Standard Serial Number (ISSN)

  • 0165-1765

Digital Object Identifier (DOI)

  • 10.1016/0165-1765(90)90043-Z

Citation Source

  • Scopus