Blume, Andreas; Heidhues, Paul - Abteilung "Wettbewerbsfähigkeit und industrieller … - 2001
We study tacit collusion in repeated auctions in which bidders can only observe pastwinners and not their bids. We adopt a stringent interpretation of tacit collusion ascollusion without communication about strategies that we model as a symmetryrestriction on repeated game strategies: Strategies...