mutual shareholding. According to our results firstpriceprocurement is quite collusion-proof when allowing for the latter two …

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 …

We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical …

English auction model determines the estimating structural equations. When units are complements, one bidder wins all units by …

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …