Baldwin, Laura H; Marshall, Robert C; Richard, Jean-Francois - In: Journal of Political Economy 105 (1997) 4, pp. 657-99
Allegations of bidder collusion at Forest Service timber sales in the Pacific Northwest were common in the 1970s. Of course, prices may be low for reasons other than collusion. The authors formulate an empirical model that allows for both bidder collusion and supply effects and in which they...