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Application of auction theory in Europe

In: Cartels, Competition and Public Procurement

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Abstract

Stefan Weishaar explores the ways in which economic theory can be used to mitigate the adverse effects of bid rigging cartels. The study sheds light on one of the vital issues for achieving cost-effective public procurement – which is itself a critical question in the context of the global financial crisis. The book comprehensively examines whether different laws deal effectively with bid rigging and the ways in which economic theory can be used to mitigate the adverse effects of such cartels. The employed industrial economics and auction theory highlights shortcomings of the law in all three jurisdictions – the European Union, China and Japan – and seeks to raise the awareness of policymakers as to when extra precautionary measures against bid rigging conspiracies should be taken.

Suggested Citation

  • ., 2013. "Application of auction theory in Europe," Chapters, in: Cartels, Competition and Public Procurement, chapter 6, pages 89-108, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14565_6
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    Cited by:

    1. Philippe Mossé, 2015. "Caring an ageing population : challenges, facts, artifacts and policies [Cuidado en el contexto de envejecimiento : desafios, hechos, artefactos e politica]," Post-Print hal-01306562, HAL.
    2. Auffenberg, Jennie & Kittel, Bernhard, 2015. "Negotiating reforms in the public services: Trajectories of new public management policies in the Swedish and French police forces," TranState Working Papers 188, University of Bremen, Collaborative Research Center 597: Transformations of the State.
    3. Diana Weinhold, 2015. "Sick of noise: the health effects of loud neighbours and urban din," GRI Working Papers 213, Grantham Research Institute on Climate Change and the Environment.
    4. Constantin Schipor, 2016. "A New Way for Europe through the Damage Control," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 55-60, February.
    5. Angelo Di Gregorio & Laura Gavinelli & Francesca Montagnini, 2014. "Smart life: dalla tecnologia al mercato. La prospettiva dei consumatori e delle imprese," MERCATI & COMPETITIVIT?, FrancoAngeli Editore, vol. 2014(2), pages 13-40.
    6. Hadjinikolov, Dimitar, 2017. "Bulgaria in the EU Cohesion Process," MPRA Paper 79885, University Library of Munich, Germany.
    7. Brouwer, Anne Sjoerd & van den Broek, Machteld & Seebregts, Ad & Faaij, André, 2015. "Operational flexibility and economics of power plants in future low-carbon power systems," Applied Energy, Elsevier, vol. 156(C), pages 107-128.
    8. Yiqi Chu & Chengcai Li & Yefang Wang & Jing Li & Jian Li, 2016. "A Long-Term Wind Speed Ensemble Forecasting System with Weather Adapted Correction," Energies, MDPI, vol. 9(11), pages 1-20, October.
    9. Victor Ovchinnikov & Natalia Ketova, 2016. "The System-Supplementing Effect of the Interaction between Innovative Capacity and Institutional Environment Factors of a Region," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 537-546.
    10. Guo, Mingxin & Song, Weiping & Buhain, Jeremy, 2015. "Bioenergy and biofuels: History, status, and perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 712-725.
    11. Alexandru Huza, 2014. "The Cohesion versus Better Spending Debate During the Negotiation of the EU Multiannual Financial Framework 2014–2020," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(2), pages 91-99, June.
    12. Piekut Marlena, 2015. "The Rich North-west, The Poor Middle-east – Consumption In EU Households," Comparative Economic Research, Sciendo, vol. 18(1), pages 43-63, March.

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