Lambert-Mogiliansky, Ariane; Sonin, Konstantin - Center for Economic and Financial Research (CEFIR), New … - 2003
There is a mounting body of evidence that collusive agreements between bidders in large multiple-object procurement tenders are often supported by a corrupt administrator. In a first-price multiple-object auction, if the auctioneer has some legal discretion to allow bidders to readjust their...