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feature at many real-world auctions. Moreover, their presence can simplify computation when estimating and testing auction …
Persistent link: https://www.econbiz.de/10005100947
-mover advantage, so that both firms are active beyond some level of market development. Once both firms hold capacity, tacit collusion … of market development play a crucial role in the determination of competitive behavior: we show that a tacit-collusion …'un certain niveau de développement du marché, les deux firmes sont en activité. Alors, une collusion tacite pour retarder les …
Persistent link: https://www.econbiz.de/10005100881
both firms hold capacity, tacit collusion, taking the form of postponed capacity investment, may occur as a MPE. Volatility … tacit collusion equilibria is favored by higher demand volatility, faster market growth, as well as by lower discount rate … collusion tacite pour retarder les augmentations de capacité subséquentes peut devenir possible en ÉMP. La volatilité du marché …
Persistent link: https://www.econbiz.de/10005100992
detect and to deter collusion in procurement. Based on regulatory frameworks, an overview of actual processes in public … practices, this report suggests the means to detect and to deter collusion with improvements to the Québec's public procurement … framework. Dans la foulée d'allégations de collusion dans les contrats publics en construction, le présent rapport s …
Persistent link: https://www.econbiz.de/10008646901
collusion significantly. We also explore the robustness of the results to characteristics of the auction environment that are …
Persistent link: https://www.econbiz.de/10011184511
allocation rule of a uniform price auction (UPA) to favor buyers who bid low prices. In laboratory experiments, we test this … Truncated Uniform Price Auction (T-UPA) against a regular Uniform Price Auction for its ability to decrease equilibrium prices …
Persistent link: https://www.econbiz.de/10008565455
interpretation, that allows implementing the optimal auction outcome when the seller ignores the distributions of the different … bidders' valuations. In this robust or detail-free implementation procedure, a second-price auction is organized and the …
Persistent link: https://www.econbiz.de/10005100700
We conduct an empirical analysis of the effect on the auction price of a Canadian painting of the age of the painter at …
Persistent link: https://www.econbiz.de/10008833338