with theory, the overall proportion of efficient allocations is lower than in the first- price auction before information …

are that foreclosure is in fact a subgame perfect Nash equilibrium of the repeated game, and it may facilitate collusion …

This paper investigates the effect of capacity constraints on the sustainability of collusion in markets subject to …

We argue that a patent system makes collusion among innovators more difficult. Our simple argument is based on two … collusion members. Second, a deviator has an equal chance with former collusion members to get a patent on new innovations. We … show that if a patent system reduces spillovers, it renders collusion impossible. Moreover, it is possible to design a …

awards achieves broadly the same effects as does tacit collusion. …

In this paper we analyse whether collusion exists in the Dutch waste collection market, which shows a high degree of … in fact a result of fair competition. Using data for (nearly) all Dutch municipalities we estimate whether collusion …

Collusion and soft budget constraint are two conspicuous phenomena in transition economies¡¯ banking system. Literature … relationship. Moreover, after introducing collusion possibility, non-commitment of the government increases the stakes, or bribes …, taking into account the fact that the bank is collusive, the government who aims to prevent collusion will switch to the …

We examine theoretically and experimentally two countervailing effects of collusion and symmetric mergers among bidders … demonstrate that, in average value auctions, this leads to more aggressive bidding. On the other hand, since collusion decreases … the number of active bidders, competition is lessened, reducing the price paid at auction. We demonstrate that the …