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Efficient collusion in repeated auctions with communication

Aoyagi, Masaki (contributor) - 2002 - [Elektronische Ressource]

. -- collusion ; auction ; communication ; folk theorem …

Persistent link: https://www.econbiz.de/10001674856

First-best collusion without communication

Rachmilevitch, Shiran - In: Games and economic behavior 83 (2014), pp. 224-230

Persistent link: https://www.econbiz.de/10010473511

Collusion in Repeated Auctions : A Simple Dynamic Mechanism

Vergote, Wouter - 2011

We analyze collusion in an infinitely repeated version of a standard auction with a continuum of types. Because of the lack of efficiency results in this setting the literature has focused on determining and comparing benchmarks on how well bidders can collude. Aoyagi (2003) has shown that the...

Persistent link: https://www.econbiz.de/10013128329

Fighting collusion : an implementation theory approach

Azacis, Helmuts; Vida, Péter - 2021

A competition authority has an objective, which specifies what output profile firms need to produce as a function of production costs. These costs change over time and are only known by the firms. The objective is implementable if inequilibrium, the firms cannot collude on their reports to the...

Persistent link: https://www.econbiz.de/10012602309

Conditional vs. voluntary contribution mechanism : an experimental study

Reischmann, Andreas - 2015

The Conditional Contribution Mechanism for public good provision gives all agents the possibility to condition their contribution on the total level of contribution provided by all agents. In this experimental study the mechanism's performance is compared to the performance of the Voluntary...

Persistent link: https://www.econbiz.de/10010504663

Communication in Dynastic Repeated Games : 'Whitewashes' and 'Coverups'

Anderlini, Luca; Lagunoff, Roger - 2001

We ask whether communication can directly substitute for memory in dynastic repeated games in which short lived … by means of communication. When communication is costless and messages are sent simultaneously, communication mechanisms … or protocols exist that sustain the same set of equilibrium payoffs as in the standard repeated game. When communication …

Persistent link: https://www.econbiz.de/10014127568

Efficient collusion in repeated auctions with communication

Aoyagi, Masaki - 2002

This paper studies collusion in repeated auctions when bidders communicate prior to each stage auction. The paper presents a folk theorem for independent and correlated private signals and general interdependent values. Specifically, it identifies conditions under which an equilibrium collusion...

Persistent link: https://www.econbiz.de/10010332262

Partial collusion with asymmetric cross-price effects

Savorelli, Luca - 2010

Asymmetries in cross-price elasticities have been demonstrated by several empirical studies. In this paper we study from a theoretical stance how introducing asymmetry in the substitution effects influences the sustainability of collusion. We characterize the equilibrium of a linear Cournot...

Persistent link: https://www.econbiz.de/10011737876

Pavlov, Gregory - 2013

We study cheap-talk pre-play communication in the static all-pay auctions. For the case of two bidders, all correlated … and communication equilibria are payoff equivalent to the Nash equilibrium if there is no reserve price, or if it is … robust to preplay communication between the bidders. If there are three or more symmetric bidders, or two symmetric bidders …

Persistent link: https://www.econbiz.de/10009745257

Corrigendum to 'Existence of Equilibrium in Single and Double Private Value Auctions'

de Castro, Luciano I. - 2006

This is a corrigendum to Theorem 15 of Jackson and Swinkels (2005) [Existence of Equilibrium in Single and Double Private Value Auctions, Econometrica, 73, 93-140], which proves the existence of equilibrium with positive probability of trade for private value auctions

Persistent link: https://www.econbiz.de/10012779627

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