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Collusion via resale
Garratt, Rod; Tröger, Thomas; Zheng, Charles Zhoucheng - In: Econometrica : journal of the Econometric Society, an … 77 (2009) 4, pp. 1095-1136
Persistent link: https://www.econbiz.de/10003881907
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Collusion via resale
Garratt, Rod (contributor); Tröger, Thomas (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003525685
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Collusion via Resale
Tröger, Thomas; Garratt, Rodney; Zheng, Charles - University of Bonn, Germany - 2008
The English auction is susceptible to tacit collusion when post-auction inter-bidder resale is allowed. We show this by constructing equilibria where, with positive probability, one bidder wins the auction without any competition and divides the spoils by optimally reselling the good to the...
Persistent link: https://www.econbiz.de/10004968458
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COLLUSION VIA RESALE
Garratt, Rodney J.; Tröger, Thomas; Zheng, Charles Z. - Iowa State University of Science and Technology <Ames, … - 2007
The English auction is susceptible to tacit collusion when post-auction interbidderresale is allowed. We show this by constructing equilibria where, withpositive probability, one bidder wins the auction without any competition anddivides the spoils by optimally reselling the good to the other...
Persistent link: https://www.econbiz.de/10009360823