The current state of antitrust law erroneously applies the same test to predatory pricing and predatory bidding schemes that allegedly violate Section 2 of the Sherman Antitrust Act. Treating predatory bidding like predatory pricing is both over- and under-inclusive at the same time. It is...

Collusion among bidders is a recurring problem in both public and private procurements. This is evident from recent U.S. enforcement actions and those of other jurisdictions across the globe targeting bid-rigging cartels and resulting in substantial fines, civil damages, and terms of...

The paper considers a situation where government auctions a specific service provider license through sealed bid first price auction. There are at least three potential bidders in the market which differ in their willingness to pay for the license. The value of license to each firm is a private...

The transition of the advertising market from traditional media to the internet has induced a proliferation of marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive bidding can emerge from bid delegation to a common...

This paper investigates links between corruption and collusion in procurement. A first-price multiple-object auction is administered by an agent who has legal discretion to allow for a readjustment of (all) submitted offers before the official opening. The agent may be corrupt, i.e. willing to...