| 1. | It is possible to get a better profit by setting a reservation price.
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| 2. | In some cases, setting a reservation price can substantially increase the revenue of the auctioneer.
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| 3. | Onexim managed the Norilsk Nickel auction, with a reservation price of US $ 170 million.
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| 4. | A ZOPA exists if there is an overlap between each party's reservation price ( bottom line ).
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| 5. | Thus for each unit the seller tries to set the price equal to the consumer s reservation price.
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| 6. | The highest price the consumer is willing to pay for a particular product is that consumer's reservation price.
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| 7. | Buyers especially if by proxy may have their own reservation price at which they are unwilling to further bid.
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| 8. | The maximum price a consumer is willing to pay for a unit of the good is the reservation price.
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| 9. | The seller has set a reservation price ( the minimum price at which he will sell ) of $ 2.
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| 10. | The Pacman Conjecture requires that the monopolist to have perfect information about consumer reservation prices and an infinite time horizon.
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