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modelled as a multiple criteria auction, and an auctioneer (a government employee) who has discretion in devising the selection … auction into a symmetric information auction (in bribes) for a common value prize. In a repeated setting we show that … favoritism substantially facilitates collusion. It increases the gains from collusion and contributes to solving basic …
Persistent link: https://www.econbiz.de/10010738980
This paper investigates links between corruption and collusion in procurement. A first-price multiple-object auction is … auction designers, competition authorities and criminal courts is that risks of collusion and of corruption must be addressed …) provides a mechanism to enforce collusion. A second result is that package bidding can facilitate collusion. We also find that …
Persistent link: https://www.econbiz.de/10010739053
to the investigation, we find that auction prices in the targeted auctions: (i) significantly increased as soon as the … counterfactual impact on auction prices by the removal of the common bidding agent and the demise of the buying collaboration at a …
Persistent link: https://www.econbiz.de/10010864924
auction in how they promote the prospects of collusive arrangements. One mechanism allows bidders to coordinate by means of … opportunity to implement mutual shareholding. According to our results firstprice procurement is quite collusion-proof when …
Persistent link: https://www.econbiz.de/10005765106
We report the results of an experimental study that compares voting mechanisms in the provision of public goods. Subjects can freely decide how much they want to contribute. Whether the public good is finally provided is decided by a referendum under full information about all contributions. If...
Persistent link: https://www.econbiz.de/10005765208
This paper contributes to the study of tacit collusion by analyzing infinitely reaped multiunit uniform price auctions … which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case …
Persistent link: https://www.econbiz.de/10005739802
Persistent link: https://www.econbiz.de/10008527098
We consider competitive bidding for a business license, via an open ascending-price auction, between two symmetric …
Persistent link: https://www.econbiz.de/10005342186
-quantity pair, perfect collusion with equal sharing of profit is easier to sustain in the uniform price auction than in the …This article analyzes tacit collusion in infinitely repeated multiunit uniform price auctions in a symmetric … corresponding discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. Even when firms may …
Persistent link: https://www.econbiz.de/10009650691
Persistent link: https://www.econbiz.de/10009602895