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bidding rings

Author

Listed:
  • John Asker

Abstract

A bidding ring is a collection of bidders who collude in an auction in order to gain greater surplus by depressing competition. This entry describes some typical bidding rings and provides an introduction to the related theoretical and empirical literature.

Suggested Citation

  • John Asker, 2010. "bidding rings," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
  • Handle: RePEc:pal:dofeco:v:4:year:2010:doi:3822
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    File URL: http://www.dictionaryofeconomics.com/article?id=pde2010_B000345
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    More about this item

    Keywords

    Cartel; antitrust; bidding ring; bid rigging; Sherman Act; auctions; price fixing; bid rotation; collusion;
    All these keywords.

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies

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