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Using lotteries in auctions when buyers collude
Gruyer, Nicolas - Laboratoire d'Économie et Économétrie de l'Aérien … - 2005
organized in a ”well-coordinated” cartel. After discussing the way the cartel reacts to any auction mechanism, we show that if … the cartel pay to get an efficient allocation or randomly allocating the item. We then discuss the way to implement this …
Persistent link: https://www.econbiz.de/10005763418
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Optimal Auctions when a seller is bound to sell to collusive bidders (new version of "using lotteries ...")
Gruyer, Nicolas - Laboratoire d'Économie et Économétrie de l'Aérien … - 2008
in a `well-coordinated' cartel. I show that, even though the seller cannot deter collusion, he can optimally accommodate …
Persistent link: https://www.econbiz.de/10005635339
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Competition as a Socially Desirable Dilemma. Theory vs. Experimental Evidence
Engel, Christoph - Max-Planck-Institut zur Erforschung von … - 2009
Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remain-ing firms remain …
Persistent link: https://www.econbiz.de/10008633209
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THE EFFECTS OF RINGLEADER DISCRIMINATION ON CARTEL STABILITY AND DETERRENCE – EXPERIMENTAL INSIGHTS
Hesch, Michael - In: Journal of Advanced Research in Law and Economics III (2012) 1, pp. 26-39
difference in a cartel experiment. Given a low probability of detection through an authority, we find that excluding ringleaders …Cartel ringleaders make significant contributions to enabling illegal collusive agreements to function. According to US … for a reduction of fines. To date, both antitrust laws treat cartel ringleaders differently. We analyze the impact of this …
Persistent link: https://www.econbiz.de/10010698857
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Bid Roundness Under Collusion in Japanese Procurement Auctions
Ishii, Rieko - In: Review of Industrial Organization 44 (2014) 3, pp. 241-254
We analyze the “roundness level” of bids—defined as the number of zeros at the end of the bid—in public procurement auctions for construction works in Okinawa Prefecture, Japan, where a bid-rigging case was filed. We hypothesize that bid rigging increases the roundness of bids through...
Persistent link: https://www.econbiz.de/10010988270
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Cartel identification in spatial markets
Blum, Ulrich - In: Review of Regional Research 29 (2009) 2, pp. 137-159
Marktkräfte unbekannt, weshalb das Kartell beibehalten wurde. Auf Grundlage eines räumlichen Ansatzes für die Jahre 1997 bis 2002 …
Persistent link: https://www.econbiz.de/10010994650
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Free Competition Theory and the secret agreements between companies. Saint-Gobain under the charges of cartel
STAMATE, Andreas - In: Romanian Journal of Economics 33 (2011) 2(42), pp. 5-20
The European view of economic competition, which is the European Parliament view and enforced by the European Commission does not have a coherent theory of efficiency in allocating resources and justice on a market. The positive law proceeds at incriminating and penalizing with arbitrarily fixed...
Persistent link: https://www.econbiz.de/10010901905
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Taxation and the Sustainability of Collusion: Ad Valorem versus Specific Taxes
Azacis, Helmuts; Collie, David - Economics Section, Cardiff Business School - 2014
Assuming constant marginal cost, it is shown that a switch from specific to ad valorem taxation has no effect on the critical discount factor required to sustain collusion. This result is shown to hold for Cournot oligopoly as well as for Bertrand oligopoly when collusion is sustained with...
Persistent link: https://www.econbiz.de/10010903792
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The Economics of Collusion: Cartels and Bidding Rings
Marhsall, Robert C.; Marx, Leslie M. - The MIT Press
: the organization and implementation of a cartel, the organization and implementation of a bidding ring, and a parent …
Persistent link: https://www.econbiz.de/10010905559
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Analysing the world potash industry
al Rawashdeh, Rami; Maxwell, Philip - In: Resources Policy 41 (2014) C, pp. 143-151
Commentators have usually viewed potash as a rather unglamorous commodity because of its limited applications, low prices, the relatively small size of the industry, a persistent supply overhang situation and high barriers to entry. Yet on closer inspection, potash provides an interesting...
Persistent link: https://www.econbiz.de/10010907148