colluding agents can be used to reduce the revenue losses from collusion. In a class of environments we show that the principal … optimal mechanisms can be implemented as uniquely collusion-proof mechanisms. …

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

colluding agents can be used to reduce the revenue losses from collusion. In a class of environments we show that the principal … optimal mechanisms can be implemented as uniquely collusion-proof mechanisms. …

We study the principal’s optimal response to collusion in an adverse selection environment. Building on the framework … study a stronger collusion when the agents can coordinate their participation decisions in addition to the joint play of the … the private information is distributed continuously. We characterize the set of implementable collusion-proof outcomes of …

The analysis of auctions is an active area of research for both theoretical and empirical economists. This paper … provides an overview of the literature relevant to the econometrics of auctions from a structural approach perspective. The …

colluding agents can be used to reduce the revenue losses from collusion. In a class of environments we show that the principal … optimal mechanisms can be implemented as uniquely collusion-proof mechanisms. …

, predatory, and entry deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems (we … discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction … – a hybrid of the sealed-bid and ascending auctions may often perform better. However, everything depends on the details …

decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …