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This paper contributes to the study of tacit collusion by analyzing infinitely reaped multiunit uniform price auctions in a symmetric oligopoly with capacity constrained firms. Under both the Market Clearing and Maximum Accepted Price rules of determining the uniform price, we show that when...
Persistent link: https://www.econbiz.de/10005739802
This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price auctions in a symmetric oligopoly with capacity constrained firms. Under both the Market Clearing and Maximum Accepted Price rules of determining the uniform price, we show that when...
Persistent link: https://www.econbiz.de/10010320186
This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price auctions in a symmetric oligopoly with capacity constrained firms. Under both the Market Clearing and Maximum Accepted Price rules of determining the uniform price, we show that when...
Persistent link: https://www.econbiz.de/10005645307
This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price auctions in a symmetric oligopoly with capacity constrained firms. Under both the Market Clearing and Maximum Accepted Price rules of determining the uniform price, we show that when...
Persistent link: https://www.econbiz.de/10005168455
This article analyzes tacit collusion in infinitely repeated multiunit uniform price auctions in a symmetric oligopolywith capacity-constrained firms.Under two popular definitions of the uniform price, when each firm sets a price-quantity pair, perfect collusion with equal sharing of profit is...
Persistent link: https://www.econbiz.de/10009650691
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In this paper, we study score procurement auctions with all-pay quality bids. A supplier's score is the difference between his quality and price bids. The supplier with the highest score wins and gets paid his own price bid. The procurer's payoff is the difference between the winner's quality...
Persistent link: https://www.econbiz.de/10014102171