, predatory, and entry deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems (we … discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction … – a hybrid of the sealed-bid and ascending auctions may often perform better. However, everything depends on the details …

theory of auctions shows that it is unlikely that successful buyers as a group were injured. …

highlight the deficiencies in the current formal theory of collusion. The Sugar Institute did not fix prices or output. Prices …

The impact of demand growth on the collusion possibilities is investigated in a Cournot supergame where market growth …' available. It is shown that even in situations where perfect collusion can be sustained after entry, coping with a potential …

This model describes the working of hub-and-spoke collusion that has been discussed recently by competition policy … authorities. We develop a model of tacit collusion between a manufacturer and two retailers, competing a la Rotemberg and Saloner …

collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … short run increase in collusion. However, in a limited message-space treatment where subjects cannot communicate contingent … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …

We develop and illustrate a methodology for obtaining robust comparative statics results for collusion models in … impact of parameter changes on the incentives to deviate from collusion and the punishment profits are often of different … new results in the comparative statics of collusion. …