capacity constrained producers. …

paper studies a model where firms precommit to capacity levels before competing in a uniform price auction. The analysis … equilibrium, the inefficient firm obtains a relatively large market share. -- spot market ; capacity game ; auction mechanism … sheds light on recent empirical findings that firms use their available capacity to obtain high market prices. There exist …

We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential …

-good/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …

/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …

or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one …-shot competitive interactions, like Bertrand oligopolies and first-price auctions, where no collusion would be supportable otherwise …

are indicative of collusion and allow the distinction between collusion from competition. This paper focuses on the … are worthy of more intense investigation. Thus the paper discusses the interrelationship between collusion/competition and …

are sufficiently high, trade liberalization facilitates collusion. Exactly the opposite is true if, for any given degree … of product substitutability, trade costs are sufficiently low. We also study the dependence of multimarket collusion on …