Endogenous Bid Rotation in Repeated Auctions
AbstractI study collusion between two bidders in a general symmetric IPV repeated auction, without communication, side transfers, or public randomization. I construct a collusive scheme, endogenous bid rotation, that generates a payoff larger than the bid rotation payoff.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Haifa, Department of Economics in its series Working Papers with number WP2011/9.
Date of creation:
Date of revision: 09 Oct 2011
Auctions; Bid rotation; Collusion; Repeated games;
Find related papers by JEL classification:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-11-01 (All new papers)
- NEP-COM-2011-11-01 (Industrial Competition)
- NEP-GTH-2011-11-01 (Game Theory)
- NEP-MIC-2011-11-01 (Microeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Skrzypacz, Andrzej & Hopenhayn, Hugo, 2004.
"Tacit collusion in repeated auctions,"
Journal of Economic Theory,
Elsevier, vol. 114(1), pages 153-169, January.
- Owen R. Phillips & Dale J. Menkhaus & Kalyn T. Coatney, 2003. "Collusive Practices in Repeated English Auctions: Experimental Evidence on Bidding Rings," American Economic Review, American Economic Association, vol. 93(3), pages 965-979, June.
- Blume, Andreas & Heidhues, Paul, 2006.
"Private monitoring in auctions,"
Journal of Economic Theory,
Elsevier, vol. 131(1), pages 179-211, November.
- Susan Athey & Kyle Bagwell, 1999.
"Optimal Collusion with Private Information,"
99-17, Massachusetts Institute of Technology (MIT), Department of Economics.
- Masaki Aoyagi, 2002.
"Efficient Collusion in Repeated Auctions with Communication,"
ISER Discussion Paper
0566, Institute of Social and Economic Research, Osaka University.
- Aoyagi, Masaki, 2007. "Efficient collusion in repeated auctions with communication," Journal of Economic Theory, Elsevier, vol. 134(1), pages 61-92, May.
- Aoyagi, Masaki, 2003. "Bid rotation and collusion in repeated auctions," Journal of Economic Theory, Elsevier, vol. 112(1), pages 79-105, September.
- McAfee, R Preston & McMillan, John, 1992.
American Economic Review,
American Economic Association, vol. 82(3), pages 579-99, June.
- Rachmilevitch, Shiran, 2013. "Bribing in first-price auctions," Games and Economic Behavior, Elsevier, vol. 77(1), pages 214-228.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anna Rubinchik).
If references are entirely missing, you can add them using this form.