This paper documents evidence of widespread collusion among construction firms using a novel dataset covering most of … for auctions when all (initial) bids fail to meet the reserve price, we identify collusion using ideas similar to …

distributors in an auction setting. Utilizing data on 814,000 public procurement auctions in Russia, I identify the causal effect … participating in a procurement auction negotiate with upstream producers. In the equilibrium, foreclosure explains the former …

We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical …

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 out-come. We extend these results to the case …

This paper contributes to the study of tacit collusion by analyzing infinitely reaped multiunit uniform price auctions … 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 …

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 …

This paper develops a theory of multiple unit auctions with short squeezes in the post- auction market. This is … especially relevant for financial and commodity markets where players may enter the auction with established forward positions …. We study how a potential short squeeze impacts on bidders' strategies and auction performance. Conversely, we also study …

We consider an auction setting in which potential buyers, even if they fail to obtain the good, care about the price … paid by the winner. We study the impact of these price-externalities on the first-price auction and the second …-price auction in a symmetric information framework. First, we consider situations in which bidders care about the price paid …