Coatney, Kalyn T.; Shaffer, Sherrill L.; Menkhaus, Dale J. - In: Journal of Economic Behavior & Organization 81 (2012) 1, pp. 61-73
The primary pro-competitive justification for multiple principals to hire a common bidding agent is efficiency. The efficiency gained by doing so increases the advantage of the common bidding agent. Almost common value auction theory predicts that an advantaged bidder is able to reduce...