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so-called Swedish asphalt cartel, which was discovered in 2001. As our dataset covers the period 1995-2009, we are able … to test for conditional independence between complementary cartel bids before and after the detection. Our estimates show … a significant positive correlation between complementary cartel bids during the cartel period, whereas a non …
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This paper examines the impact of synergies on bidder behavior in recurring road construction procurement auctions. The study reveals that projects are spatially correlated. When bidders with potential synergies participate, the results indicate that their probability of bidding and winning...
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