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 …

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 …

We develop a method for detecting cartels in multistage auctions. Our approach allows a firm to be collusive when … collusive are 8.98 times more likely (standard error 2.65 times) to be sanctioned. It also uncovers additional collusion: 1 …,857 collusive firms participate in 15.57% of auctions, increasing costs by 1.95%. …

Sellers face a critical choice: run competitive auctions or strike exclusive deals with preferred buyers. Contrary to … in subsequent auctions. The joint gain from such arrangements can represent as much as 75% of what vertical integration …

less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a … distance is small they hardly behave collusively when collusion harms a third party. …

Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate …

sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …

constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little …