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Publications [#238231] of Daniel A. Graham

Journal Articles

  1. Graham, DA; Marshall, RC; Richard, JF, Phantom bidding against heterogeneous bidders, Economics Letters, vol. 32 no. 1 (January, 1990), pp. 13-17, Elsevier BV, ISSN 0165-1765 [doi]
    (last updated on 2022/01/27)

    Abstract:
    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.


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