In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … bidding, and how it altogether changes the revenue ranking of typical auctions. In addition we characterize incentive schemes …

behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … bidding, and how it altogether changes the revenue ranking of typical auctions. In addition we characterize incentive schemes …

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the … neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is …

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 …

The paper considers a situation where government auctions a specific service provider license through sealed bid first …

collusion in procurement auctions. We find that debarments and their most common alternative, fines, reduce collusion and bids … may trigger tacit collusion among the bidders who remain in the market, thereby facilitating the very behavior they aim to …

behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

behavior, but can even increase them. -- Auctions ; Collusion ; Market Power ; Energy Markets ; Reserve Power ; Balancing Power … behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

We study the impact of an investigation into collusion and corruption to learn about the organization of cartels in … public procurement auctions. Our focus is on Montreal's asphalt industry, where there have been allegations of bid rigging … investigation in Montreal and in Quebec City, where there have been no allegations of collusion or corruption. We find that entry …