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Detection of Bid Rigging in Procurement Auctions
Porter, Robert H. - 1992
order to determine whether bid rigging occurred. Detection of collusion is possible because of limited participation in the … bid on most jobs. The apparent role of ring meetings prior to the auction was to designate a serious bidder, and its bid …
Persistent link: https://www.econbiz.de/10012474967
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Marketing Agencies and Collusive Bidding in Online Ad Auctions
Decarolis, Francesco - 2017
efficiency of both the Generalized Second Price auction (GSP, used by Google and Microsoft-Bing and Yahoo!) and the of VCG … mechanism (used by Facebook). We find that, despite its well-known susceptibility to collusion, the VCG mechanism outperforms … the GSP auction both in terms of revenues and efficiency …
Persistent link: https://www.econbiz.de/10012453751
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Nonparametric Tests for Common Values at First-Price Sealed-Bid Auctions
Haile, Philip A. - 2003
only of the bids submitted at each auction, and are based on the fact that the winner's curse' arises only in common values … expectation of the value of winning the auction. Equilibrium behavior implies that in a private values auction these expectations …
Persistent link: https://www.econbiz.de/10012468589
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A Field Experiment on Antitrust Compliance
Kawai, Keiji; Nakabayashi, Jun - National Bureau of Economic Research - 2024
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
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The Robustness of Tests for Consumer Choice Inconsistencies
Abaluck, Jason - 2015
We explore the in- and out- of sample robustness of tests for consumer choice inconsistencies based on parameter restrictions in parametric models, with a focus on tests proposed by Ketcham, Kuminoff and Powers (2015). We start by arguing that non-parametric alternatives are inherently...
Persistent link: https://www.econbiz.de/10012457052
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Testing Conditional Factor Models
Ang, Andrew - 2011
Using nonparametric techniques, we develop a methodology for estimating conditional alphas and betas and long-run alphas and betas, which are the averages of conditional alphas and betas, respectively, across time. The tests can be performed for a single asset or jointly across portfolios. The...
Persistent link: https://www.econbiz.de/10012461097
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Last Minute Bidding and the Rules for Ending Second-Price Auctions : Theory and Evidence from a Natural Experiment on the Internet
Roth, Alvin E. - 2000
passed without a bid. The strategic differences in the auction rules are reflected in the auction data by significantly more … about ending the auction playing an important role …
Persistent link: https://www.econbiz.de/10012471021
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Information and Competition in U.S. Forest Service Timber Auctions
Athey, Susan - 1999
timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …
Persistent link: https://www.econbiz.de/10012471603
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Empirical Perspectives on Auctions
Hortaçsu, Ali; Perrigne, Isabelle - National Bureau of Economic Research - 2021
The empirical analysis of auction data has become a thriving field of research over the past thirty years. Relying on …
Persistent link: https://www.econbiz.de/10012696420
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On Frequent Batch Auctions for Stocks
Jagannathan, Ravi - 2019
I show that frequent batch auctions for stocks have the potential to reduce the severity of stock price crashes when they occur. For a given sequence of orders from a continuous electronic limit order book market, matching orders using one second apart batch auctions results in nearly the same...
Persistent link: https://www.econbiz.de/10012480285