decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …

, subjects manage to switch to a more intricate form of coordination. This shift from overt collusion to tacit collusion …

between competitive and collusive basing-point pricing. We define a measure for the likelihood of collusion that can be used …

collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis …

increased potential for product market collusion. We consider all trajectories that are candidates for an optimal solution as … initial technologies, pursue innovations more quickly, and are less likely to abandon a technology. Product market collusion …

linked to illegal gains and detection probabilities depend on the degree of collusion. A novel aspect of this study is that …