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efficiency of both the Generalized Second Price auction (GSP, used by Google and Microsoft-Bing and Yahoo!) and the VCG mechanism … auction both in terms of revenues and efficiency …
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This article presents the first experiment exploring the impact of debarments - the exclusion of colluding bidders - on collusion in procurement auctions. We find that debarments and their most common alternative, fines, reduce collusion and bids relative to a market with no sanction. The...
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. This paper examines the Romanian auction system, with a focus on the use of econometric methods to detect collusion. It … begins by describing the historical development of the system and the principal steps in the auction process. It then … methods for detecting collusion. It then presents an application of such methods to timber auction data from two forest …
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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 …
Persistent link: https://www.econbiz.de/10013080623
. This paper examines the Romanian auction system, with a focus on the use of econometric methods to detect collusion. It … begins by describing the historical development of the system and the principal steps in the auction process. It then … methods for detecting collusion. It then presents an application of such methods to timber auction data from two forest …
Persistent link: https://www.econbiz.de/10012747872