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.
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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)
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