behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

The Federal Communications Commission (FCC) spectrum auctions use a simultaneous ascending auction design. Bidders bid … mitigate collusive bidding in the spectrum auctions, and then apply these ideas to the design of daily electricity auctions. …

This paper describes the signaling that occurred in many of the FCC spectrum auctions. The FCC's simultaneous ascending … auctions allowed bidders to bid on numerous communication licenses simultaneously, with bidding remaining open on all licenses …

There is a growing concern that minority shareholding (MS) in rival firms may facilitate collusion. To examine this …

We examine bidding behavior in first-price sealed-bid and Dutch auctions, which are strategically equivalent under …

contracts, we comprehensively document different collusion methods along the lines described by Stigler (1964). Quota cartels … legally binding agreements was employed to address the usual obstacles to sustaining collusion. …