We address the issue of bidder ring formation in single and multi-unit Vickrey auctions. We address this issue in a …

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the … neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is …

price level even when manufacturers collude. In this context, collusion can only become profitable for manufacturers if they …

Public agencies mainly rely on two modes to procure goods and services: auctions and direct negotiations. We study a … 1994 policy change in Germany that introduced the possibility to procure rail services in auctions as well as in direct …, auctions improve service levels and reduce prices. As a result, surplus on auctioned lines increased by about 30 …

This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …

of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions …

profitable than standard license auctions, auctioning royalty contracts, fixed-fee licensing, pure royalty licensing, and two …