A number of recent papers have proposed that a pattern of isolated winning bids may be associated with collusion. In … contrast, others have suggested that bid clustering, especially of the two lowest bids, is indicative of collusion. In this …, whose asphalt industry has not been the subject of collusion allegations. Our findings provide causal evidence that the …

' bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second …- price auction. Consequently, comparative statics across price rules are equivocal. Experimentally, leaks in the first- price … auction favor second movers but harm first movers and sellers, as theoretically predicted. Low to medium leak probabilities …

This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price … which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case …

investigation into collusion and corruption in the Quebec construction industry launched in October 2009 to capture the end of this … cartel. I find that after this date, the two suspected firms i) were more likely to bid in the same auction and ii) submitted … significantly lower bids when they competed in the same auction. A structural model of entry and bidding shows that if the firms had …

A number of recent papers have proposed that a pattern of isolated winning bids may be associated with collusion. In … contrast, others have suggested that bid clustering, especially of the two lowest bids, is indicative of collusion. In this …, whose asphalt industry has not been the subject of collusion allegations. Our findings provide causal evidence that the …

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …

English auction model determines the estimating structural equations. When units are complements, one bidder wins all units by …

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is … collusion is possible, but negotiations often break down and information is revealed in an asymmetric way. The existing …

We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while …

price auction. There are at least three potential bidders in the market which differ in their willingness to pay for the … auction and obtains the license. In stage 2, it purchases inputs required for producing the particular service which is then …