characteristic function, derived from the partition form game, is not empty. As an application, we study collusion in auctions in …

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 …

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 …

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 …

behavior, that takes the form of collusion or blackmail, on the part of members of a simple hierarchical structure. We focus on …-blowing, creates incentives for the uninformed colluding party to walk out of the side deal and report to the principal that collusion …

, when rescaling is feasible, private monitoring is more efficient than public monitoring subject to collusion because non …-monetary penalties are ineffective to deter collusion. …

In this paper, we ask how antitrust immunity subject to a carve-out affects collusion incentives in international … density. Under this approximation, the incentives for interhub collusion are no different before and after the emergence of an …

constrain high risk bank investment without simultaneously reducing overall investment volume. However, if collusion between the …