This paper studies the interaction between financially constrained and financially strong firms on a procurement market …. It characterizes and discusses a procurement agency's optimal response when faced with financially asymmetric firms. By …

This paper studies collusion in repeated auctions when bidders communicate prior to each stage auction. The paper … identifies conditions under which an equilibrium collusion scheme is fully efficient in the sense that the bidders' payoff is …

A number of recent papers have proposed that a pattern of isolated winning bids may be associated with collusion. In … contrast, others have suggested that bid clustering, especially of the two lowest bids, is indicative of collusion. In this … paper, we present evidence from an actual procurement cartel uncovered during an anticollusion investigation that reconciles …

' bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second …- price auction. Consequently, comparative statics across price rules are equivocal. Experimentally, leaks in the first- price … auction favor second movers but harm first movers and sellers, as theoretically predicted. Low to medium leak probabilities …

This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price … which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case …

. I also quantify the impact that coordinating head-to-head competition has on procurement costs. My focus is on the two … largest rms bidding in provincial road paving procurement auctions in Quebec between 2007 and 2015. I use the police … investigation into collusion and corruption in the Quebec construction industry launched in October 2009 to capture the end of this …

A number of recent papers have proposed that a pattern of isolated winning bids may be associated with collusion. In … contrast, others have suggested that bid clustering, especially of the two lowest bids, is indicative of collusion. In this … paper, we present evidence from an actual procurement cartel uncovered during an anticollusion investigation that reconciles …

We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while …

propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … that may prevent corruption, and compare them to the fee schedules employed by major auction houses. …

propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … that may prevent corruption, and compare them to the fee schedules employed by major auction houses. …