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  • 1
    Electronic Resource
    Electronic Resource
    More on phantom bidding (2000)
    Springer
    Economic theory 15 (2000), S. 701-707 
    Details
    ISSN: 1432-0479
    Keywords: Keywords and Phrases: English auction, Phantom bidding, Fixed/flexible reserve price. ; JEL Classification Numbers: D44.
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Summary. 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 phantom bidding. The buyers' profits will increase whenever social welfare increases.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/s001990050319
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