Llorente-Saguer, Aniol; Zultan, Ro’i - 2014 - This version: November 20, 2014
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 …