We study the principal’s optimal response to collusion in an adverse selection environment. Building on the framework … study a stronger collusion when the agents can coordinate their participation decisions in addition to the joint play of the … the private information is distributed continuously. We characterize the set of implementable collusion-proof outcomes of …

The analysis of auctions is an active area of research for both theoretical and empirical economists. This paper … provides an overview of the literature relevant to the econometrics of auctions from a structural approach perspective. The …

, 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 …

decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …

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 …

We use data on sequential water auctions to estimate demand when units are complements or substitutes. A sequential …

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the … neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is …

If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …

If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …