This paper presents evidence on actual collusive agreements from the late 19th Century iron and steel industry in Spain. We examine the minutes of the executive boards of two Basque firms, Altos Hornos de Bilbao and Vizcaya, to discuss the relevance of different factors on survival and failure...

This paper considers situations in which a set of agents has to decide whether to carry out a given public project or its alternative when agents hold private information. I propose the use of the individually-rational and budget-balanced multibidding mechanism according to which the game to be...

We examine the minutes of the executive committees of two Basque firms in the iron and steel industry, Altos Hornos de Bilbao and Vizcaya, to discuss the relevance of di􀀞erent factors on the survival and failure of the collusive agreements reached in the industry from 1886 to 1901. We observe...