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Collusion 1 Subject Classification: D44 1 multi unit auctions 1 prisoners's dilemma 1
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FÜLLBRUNN, SASCHA 1
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International Game Theory Review (IGTR) 1
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COLLUSION OR SNIPING IN SIMULTANEOUS ASCENDING AUCTIONS — A PRISONER'S DILEMMA
FÜLLBRUNN, SASCHA - In: International Game Theory Review (IGTR) 13 (2011) 01, pp. 75-82
In simultaneous ascending price auctions with heterogeneous goods Brusco and Lopomo [2002] derive collusive equilibria, where bidders divide objects among themselves, while keeping the prices low. Considering a simultaneous ascending price auction with a fixed deadline, i.e. the hard close...
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