In its attempts to deter and prosecute big rigging, U.S. antitrust authorities have focused on sealed-bid procurements … affect efficiency. In particular, any collusive mechanism that increases cartel members' expected payoffs relative to non …-cooperative play results in inefficiency either in the allocation among cartel members or in the allocation between cartel and non-cartel …

to induce a modification of the perception of firms (regarding the probability of an antitrust intervention) and …

paper, we present evidence from an actual procurement cartel uncovered during an anticollusion investigation that reconciles … these two points of view and shows that both patterns arise naturally together as part of a cartel arrangement featuring …

paper, we present evidence from an actual procurement cartel uncovered during an anticollusion investigation that reconciles … these two points of view and shows that both patterns arise naturally together as part of a cartel arrangement featuring …

cartel. I find that after this date, the two suspected firms i) were more likely to bid in the same auction and ii) submitted …