Showing 1 - 10 of 192
characteristic function, derived from the partition form game, is not empty. As an application, we study collusion in auctions in …
Persistent link: https://www.econbiz.de/10008583724
We study the effectiveness of firms' compliance programs by conducting a field experiment in which we disclose to a subset of Japanese firms that the firm is potentially engaging in illegal bid-rigging. We find that the information that we disclose affects the bidding behavior of the treated...
Persistent link: https://www.econbiz.de/10014528387
antitrust authorities in each market. We are concerned with how the sustainability of collusion in one local market is affected … by the existence of collusion in other markets when they are linked by demand relationships. The interdependence of … collusion sustainability across markets leads to potential externalities in antitrust enforcement across jurisdictions. As a …
Persistent link: https://www.econbiz.de/10005051554
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...
Persistent link: https://www.econbiz.de/10008534061
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...
Persistent link: https://www.econbiz.de/10005094231
This paper examines bidding in auctions for state highway construction contracts on Long Island in the early 1980s, in … order to determine whether bid rigging occurred. Detection of collusion is possible because of limited participation in the … collusive scheme. The paper looks at differences in behavior between ring members and non-members. In these auctions, collusio …
Persistent link: https://www.econbiz.de/10012474967
marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive … mechanism (used by Facebook). We find that, despite its well-known susceptibility to collusion, the VCG mechanism outperforms …
Persistent link: https://www.econbiz.de/10012453751
During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so … argument why beauty contests or negotiations might be dominated by auctions, which is closely linked to the multi …
Persistent link: https://www.econbiz.de/10005051542
In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … bidding, and how it altogether changes the revenue ranking of typical auctions. In addition we characterize incentive schemes …
Persistent link: https://www.econbiz.de/10005181379
We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and innate abilities generate inventions of varying qualities. The designer offers a reward to the contestant achieving the highest quality and receives the revenue generated by the...
Persistent link: https://www.econbiz.de/10010877748