<Para ID="Par1">State agencies in infant-formula procurement auctions receive lower bids when they are in buyer … alliances than when they are unallied. The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) uses an … formula sold through WIC. Agencies frequently join together in buyer alliances. An empirical estimation shows that bids are …

State WIC agencies in infant-formula procurement auctions receive lower bids and final prices when they are in buyer …’s alliances than when they are unallied. The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) uses an … formula sold through WIC. A theoretical model of rebates shows that bidders may shade their bids and extract surplus from …

Although the WIC food assistance program purchases over one-half of all US infant formula, I find the program has … little impact on the prices paid by non-WIC customers. I estimate infant-formula marginal cost and find that it is low … compared to price, implying large price-cost markups. But, the WIC program is not to blame. Instead large price-cost markups …

State WIC agencies in infant-formula procurement auctions receive lower bids and final prices when they are in buyer …’s alliances than when they are unallied. The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) uses an … formula sold through WIC. A theoretical model of rebates shows that bidders may shade their bids and extract surplus from …

These files provide a database of rebate bids made by infant formula manufacturers to state WIC agencies. The database …

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions … oligopoly game. …

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions … oligopoly game. …

of K and of other players actions. If, instead, firms pay no costs after dropping out (as in a natural oligopoly), the …