More on Phantom Bidding
AbstractA phantom bidding model is analyzed for a sale auction. The following questions 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.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 976.
Length: 7 pages
Date of creation: Oct 1998
Date of revision:
English Auction; Phantom Bidding; Fixed/Flexible Reserve Price;
Other versions of this item:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
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- Georgia Kosmopoulou & Dakshina G. De Silva, 2005.
"The Effect of Shill Bidding upon Prices: Experimental Evidence,"
- Kosmopoulou, Georgia & De Silva, Dakshina G., 2007. "The effect of shill bidding upon prices: Experimental evidence," International Journal of Industrial Organization, Elsevier, vol. 25(2), pages 291-313, April.
- Takahiro Watanabe & Takehiko Yamato, 2008. "A choice of auction format in seller cheating: a signaling game analysis," Economic Theory, Springer, vol. 36(1), pages 57-80, July.
- Laurent Lamy, 2010.
""Upping the ante": How to design efficient auctions with entry?,"
PSE Working Papers
- Laurent Lamy, 2013. "“Upping the ante”: how to design efficient auctions with entry?," RAND Journal of Economics, RAND Corporation, vol. 44(2), pages 194-214, 06.
- repec:hal:wpaper:halshs-00564888 is not listed on IDEAS
- Gustavo Rodriguez, 2012. "Sequential auctions with imperfect quantity commitment," Economic Theory, Springer, vol. 49(1), pages 143-173, January.
- Itai Sher, 2012.
"Optimal shill bidding in the VCG mechanism,"
Springer, vol. 50(2), pages 341-387, June.
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