Blume, Andreas; Heidhues, Paul - Abteilung "Wettbewerbsfähigkeit und industrieller … - 2001
We study tacit collusion in repeated auctions in which bidders can only observe pastwinners and not their bids. We … adopt a stringent interpretation of tacit collusion ascollusion without communication about strategies that we model as a ….e. strengtheningthe symmetry constraint, rules out collusion altogether, and even if naming is permitted,as per our definition of tacit …