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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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Detection of Bid Rigging in Procurement Auctions
Porter, Robert H. - 1992
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
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Marketing Agencies and Collusive Bidding in Online Ad Auctions
Decarolis, Francesco - 2017
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
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Clustered bids in first-price auctions : collusion or competition?
Leverano, Adriano de - In: Economics letters 233 (2023), pp. 1-4
Persistent link: https://www.econbiz.de/10014506238
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Optimal Use of Rewards as Commitment Device When Bidding is Costly
Hu, Luke - 2012
This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …
Persistent link: https://www.econbiz.de/10010333722
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Horizontal mergers with synergies: first-price vs. profit-share auction
Ding, Wei; Fan, Cuihong; Wolfstetter, Elmar G. - 2010
of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions …
Persistent link: https://www.econbiz.de/10010333759
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Procurement with Costly Bidding, Optimal Shortlisting, and Rebates
Fan, Cuihong; Wolfstetter, Elmar G. - 2006
We consider the procurement of a complex, indivisible good when bid preparation is costly, assuming a population of heterogeneous contractors. Shortlisting is introduced to implement the optimal number of bidders, and we explore whether the procurer should reimburse the nonrecoverable cost of...
Persistent link: https://www.econbiz.de/10010333774
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License Auctions with Royalty Contracts for (Winners and) Losers
Giebe, Thomas; Wolfstetter, Elmar G. - 2007
profitable than standard license auctions, auctioning royalty contracts, fixed-fee licensing, pure royalty licensing, and two …
Persistent link: https://www.econbiz.de/10010333797
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Subsidies, Knapsack Auctions and Dantzig's Greedy Heuristic
Ensthaler, Ludwig; Giebe, Thomas - 2009
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10010333849
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Auctioning Process Innovations when Losers' Bids Determine Royalty Rates
Fan, Cuihong; Jun, Byoung Heon; Wolfstetter, Elmar G. - 2009
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms' bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing bid...
Persistent link: https://www.econbiz.de/10010333873