Showing 1 - 10 of 2,457
We use data on sequential water auctions to estimate demand when units are complements or substitutes. A sequential …
Persistent link: https://www.econbiz.de/10010233151
the link between overt collusion and price dispersion. Formal theories and observation of cartel behavior suggest that …
Persistent link: https://www.econbiz.de/10014062753
This paper analyzes the effects of industrial concentration on bidding behaviour and hence, on the seller´s expected proceeds. These effects are studied under the CIPI model, an affiliated value set-up that nests a variety of valuation and information environments. We formally decompose the...
Persistent link: https://www.econbiz.de/10005111022
We use data on sequential water auctions to estimate demand when units are complements or substitutes. A sequential …
Persistent link: https://www.econbiz.de/10010332115
This paper proposes a procedure to detect collusion in asymmetric first-price procurement. The main objective is … twofold. First, to provide a methodology to detect collusion using a structural approach, and second to apply the methodology … to field data on procurement auctions for highway construction in California. I identify two different sets of firms as …
Persistent link: https://www.econbiz.de/10010742043
We use data on sequential water auctions to estimate demand when units are com- plements or substitutes. A sequential …
Persistent link: https://www.econbiz.de/10011114563
Due to being much better documented, legal cartels have recently attracted the interest of many researchers who aim to understand the functioning of illegal cartels in detail. This paper contributes to the question of what we can learn from legal cartels by taking a closer look at the cement...
Persistent link: https://www.econbiz.de/10011334610
We study the welfare effects of non-binding advance price announcements. Applying a differentiated Bertrand model with horizontal products and asymmetric information, we find that such announcements can help firms to gain information on each other thereby allowing them to achieve higher profits....
Persistent link: https://www.econbiz.de/10011316431
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …
Persistent link: https://www.econbiz.de/10011434582
less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a … distance is small they hardly behave collusively when collusion harms a third party. …
Persistent link: https://www.econbiz.de/10012938866