Collusion in a Model of Repeated Auctions
AbstractA model of first price sealed bid auctions is developed where bidders meet repeatedly while independently drawing private valuations in each period.Attention is focused on symmetric collusive bidding equilibria when side-payments are not allowed.
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Bibliographic InfoPaper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number 9909.
Length: 37 pages
Date of creation: 1999
Date of revision:
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Find related papers by JEL classification:
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- D45 - Microeconomics - - Market Structure and Pricing - - - Rationing; Licensing
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
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367, California Institute of Technology, Division of the Humanities and Social Sciences.
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89-23, Michigan - Center for Research on Economic & Social Theory.
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726, California Institute of Technology, Division of the Humanities and Social Sciences.
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