More on Phantom Bidding

A 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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Year of publication:	1998
Authors:	Wang, Ruqu ; Bag, Parimal Kanti ; Dinlersoz, Emim Murat
Publisher:	Kingston (Ontario) : Queen's University, Department of Economics
Subject:	English Auction \| Phantom Bidding \| Fixed/Flexible Reserve Price

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Series:	Queen's Economics Department Working Paper ; 976
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/189268 [Handle] RePEC:qed:wpaper:976 [RePEc]
Classification:	D44 - Auctions
Source:	EconStor

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