behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

the link between overt collusion and price dispersion. Formal theories and observation of cartel behavior suggest that …

This paper analyzes the value of using data from on-line auctions to determine product market definitions and …, particularly data from on-line auctions like eBay may be easy to access and may be much easier to interpret. The authors analyze … data from a series of auctions for 3 different types of telescopes, held over a 8 week period. The results suggest that the …

behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

behavior, but can even increase them. -- Auctions ; Collusion ; Market Power ; Energy Markets ; Reserve Power ; Balancing Power … behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …