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Relational Contracts and Competitive Screening

Calzolari, Giacomo; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2009

facilitate collusion among agents, which induces an additional trade-off between reputational forces and collusion. When non …-contractible dimensions are very important this last trade-off may disappear, as collusion allows more efficient enforcement of better …

Persistent link: https://www.econbiz.de/10005082534

Properties of Scoring Auctions

Asker, John; Cantillon, Estelle - C.E.P.R. Discussion Papers - 2004

This Paper studies scoring auctions, a procedure commonly used to buy differentiated products: suppliers submit offers on all dimensions of the good (price, level of non monetary attributes), and these are evaluated using a scoring rule. We provide a systematic analysis of equilibrium behaviour...

Persistent link: https://www.econbiz.de/10005497976

Social Connections and Incentives in the Workplace: Evidence from Personnel Data

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - C.E.P.R. Discussion Papers - 2009

We present evidence on the effect of social connections between workers and managers on productivity in the workplace. To evaluate whether the existence of social connections is beneficial to the firm's overall performance, we explore how the effects of social connections vary with the strength...

Persistent link: https://www.econbiz.de/10005791992

On discrimination in procurement auctions

Jehiel, Philippe; Lamy, Laurent - C.E.P.R. Discussion Papers - 2014

With exogenous participation, strong bidders should be discriminated against weak bidders to maximize revenues (Myerson 1981). When participation is endogenous and the set of potential entrants is large, optimal discrimination if any takes a very different form. Without incumbents, there should...

Persistent link: https://www.econbiz.de/10011084599

Corruption And Competition In Public Market Auctions

Compte, Olivier; Lambert-Mogiliansky, Ariane; Verdier, … - C.E.P.R. Discussion Papers - 2000

This paper investigates the effect of corruption on competition in government procurement auctions. Our assumption is … corruption is to facilitate collusion in price between firms. This can result in high public spending and inefficient allocation …. We discuss the effect of other forms of bureaucratic discretion in the procurement process and analyse conditions under …

Persistent link: https://www.econbiz.de/10005662229

Leniency and Whistleblowers in Antitrust

Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2006

discussed appear relevant to the fight of other forms of multiagent organized crime - like auditor-manager collusion, financial …

Persistent link: https://www.econbiz.de/10005662235

Prisoners' Other Dilemma

Blonski, Matthias; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2003

's Dilemma (repeated oligopolies, relational-contracting models, etc.). We illustrate our main result for collusion equilibria in …

Persistent link: https://www.econbiz.de/10005666887

Optimal Monitoring in Hierarchical Relationships

Kessler, Anke - C.E.P.R. Discussion Papers - 2000

. This is the only case in which collusion imposes an additional cost on the relationship. The findings suggest that it is …

Persistent link: https://www.econbiz.de/10005666987

The Coordinated Effects of Mergers in Differentiated Products Markets

Kühn, Kai-Uwe - C.E.P.R. Discussion Papers - 2004

The Paper addresses the issue of coordinated effects of mergers in the framework of a differentiated products model. Firms’ assets are product varieties that can be sold individually or entirely transferred to another firm in a merger. We show that under symmetric optimal punishment schemes...

Persistent link: https://www.econbiz.de/10005667006

Managerial Incentives and Collusive Behaviour

Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2004

termination threats make collusion supportable at any discount factor, independent of contracts’ duration. When managers have …

Persistent link: https://www.econbiz.de/10005667065