Güth, Werner; Brosig, Jeannette; Weiland, Torsten - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006
Collusive agreements are often observed in procurement auctions. They are probably more easily achieved when competitors’ costs are easily estimated. If, however, the individual costs of bidders are private information, effective ring formation is difficult to realize. We compare...