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In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … 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. …
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corruption risks often observed in negotiated procedures. For rule-based procedures, we show that a "third-price lottery" in …
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