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 2024/04/18)

   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.