This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price … 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 …

This paper studies collusion in repeated auctions when bidders communicate prior to each stage auction. The paper … identifies conditions under which an equilibrium collusion scheme is fully efficient in the sense that the bidders' payoff is …

' bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second …- price auction. Consequently, comparative statics across price rules are equivocal. Experimentally, leaks in the first- price … auction favor second movers but harm first movers and sellers, as theoretically predicted. Low to medium leak probabilities …

investigation into collusion and corruption in the Quebec construction industry launched in October 2009 to capture the end of this … cartel. I find that after this date, the two suspected firms i) were more likely to bid in the same auction and ii) submitted … significantly lower bids when they competed in the same auction. A structural model of entry and bidding shows that if the firms had …

A number of recent papers have proposed that a pattern of isolated winning bids may be associated with collusion. In … contrast, others have suggested that bid clustering, especially of the two lowest bids, is indicative of collusion. In this …, whose asphalt industry has not been the subject of collusion allegations. Our findings provide causal evidence that the …

A number of recent papers have proposed that a pattern of isolated winning bids may be associated with collusion. In … contrast, others have suggested that bid clustering, especially of the two lowest bids, is indicative of collusion. In this …, whose asphalt industry has not been the subject of collusion allegations. Our findings provide causal evidence that the …

The English auction is susceptible to tacit collusion when post-auction inter-bidder resale is allowed. We show this by … constructing equilibria where, with positive probability, one bidder wins the auction without any competition and divides the …

characteristic function, derived from the partition form game, is not empty. As an application, we study collusion in auctions in …

first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while …We experimentally examine the collusive properties of two commonly used auctions: the English auction (EN) and the … both can be incentive compatible in FPSB if the auction is repeated and bidders are patient enough. We find that the …