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This paper studies the interaction between financially constrained and financially strong firms on a procurement market …. It characterizes and discusses a procurement agency's optimal response when faced with financially asymmetric firms. By …
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This paper studies collusion in repeated auctions when bidders communicate prior to each stage auction. The paper … identifies conditions under which an equilibrium collusion scheme is fully efficient in the sense that the bidders' payoff is …
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sale affect the possibilities of incumbent firms for deterring the entry of new rivals. -- collusion ; entry deterrence …
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