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Persistent link: https://www.econbiz.de/10009411395
This paper proposes a two step procedure to detect collusion in asymmetric first-price procurement (auctions). First, we use a reduced form test to short-list bidders whose bidding behavior is at-odds with competitive bidding; and Second, we estimate the (latent) cost for these bidders under...
Persistent link: https://www.econbiz.de/10014168325
We propose a structural method for estimating the revenue losses associated with bidding rings in symmetric and asymmetric first-price auctions. It is based on the structural analysis of auction data and is consistent with antitrust damage assessment methodologies: we build a but-for...
Persistent link: https://www.econbiz.de/10012849214
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