Llorente-Saguer, Aniol; Zultan, Ro'i - 2015
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 …