Showing 1 - 10 of 117
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
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
-linear demand curves with quantities as flows (shares/second). Batch auctions clear all asset markets jointly in discrete time …
Persistent link: https://www.econbiz.de/10014250116
In agreements settling patent challenges in the drug industry, the plaintiff brand commonly licenses the defendant generic to sell prior to patent expiry. Some agreements require the generic to pay the brand royalties. Despite the superficial flow of profits, royalty terms may function as part...
Persistent link: https://www.econbiz.de/10014247939
We document the effects of a comprehensive set of US retail mergers. On average, prices increase by 1.5% and quantities decrease by 2.3%, with significant heterogeneity in outcomes across mergers. Price changes correlate with the screens codified in the Horizontal Merger Guidelines. Through a...
Persistent link: https://www.econbiz.de/10014250141
We study the extent to which collusion can explain the under-provision of clean sanitation technologies in developing … the extent of competition. Consistent with the collusion hypothesis, we find that most bidders systematically avoid …
Persistent link: https://www.econbiz.de/10013388870
This paper presents a new method for estimating discrete games based on bounds of conditional choice probabilities. The method does not require solving the game and is scalable to models with many firms and many discrete decisions. We apply the method to study merger effects on firm entry and...
Persistent link: https://www.econbiz.de/10013334365
We apply a Regression Discontinuity based approach to screen for collusion developed in Kawai et al. (2022) to public … those who lose by a very small margin in the sample of procurement auctions from Indonesia, suggesting that bidders collude … by bid rotation. Our results suggest that the proportion of noncompetitive auctions is at least about 5% for all E …
Persistent link: https://www.econbiz.de/10013334488
We model platform competition with endogenous data generation, collection, and sharing, thereby providing a unifying framework to evaluate data-related regulation and antitrust policies. Data are jointly produced from users' economic activities and platforms' investments in data infrastructure....
Persistent link: https://www.econbiz.de/10013537775