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We experimentally examine the collusive properties of two commonly used auctions: the English auction (EN) and the … first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while … auctions do not differ in subjects’ propensity to collude overtly and in the likelihood that subjects defect from a collusive …
Persistent link: https://www.econbiz.de/10011255908
We experimentally examine the collusive properties of two commonly used auctions: the English auction (EN) and the … first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while … auctions do not differ in subjects’ propensity to collude overtly and in the likelihood that subjects defect from a collusive …
Persistent link: https://www.econbiz.de/10008752907
If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …
Persistent link: https://www.econbiz.de/10011255466
We experimentally examine the effectiveness of a leniency program against bidding rings in two commonly used auctions …
Persistent link: https://www.econbiz.de/10008531423
If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …
Persistent link: https://www.econbiz.de/10008838652
We develop a method to screen for local cartels. We first test whether there is statistical evidence of clustering of outlets that score high on some characteristic that is consistent with collusive behavior. If so, we determine in a second step the most suspicious regions where further...
Persistent link: https://www.econbiz.de/10011255447
corresponding increased potential for product market collusion. We consider all trajectories that are candidates for an optimal … collusion could thus yield higher total surplus. …
Persistent link: https://www.econbiz.de/10011256291
We experimentally examine the effectiveness of antitrust policies against bidding rings in theEnglish auction (EN) and the first-price sealed-bid auction (FP). We consider both traditionalantitrust policy (without a leniency program) and modern antitrust policy (with a leniencyprogram). In EN,...
Persistent link: https://www.econbiz.de/10011257084
Persistent link: https://www.econbiz.de/10014506238
This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …
Persistent link: https://www.econbiz.de/10010333722