Collusion in Auctions
AbstractDespite substantial legal evidence of collusion in auctions, there has been very little theoretical or empirical work on this subject by economists. This survey paper discusses mechanisms that are likely to facilitate collusion in auctions, as well as methods of detecting the presence of these schemes. The principal message of this paper is that the presence and the characteristics of collusive mechanisms depend critically on the nature of the object being auctioned, and on the particular auction rules. Accordingly, empirical work should be tailored to specific cases.
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Bibliographic InfoPaper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number 817.
Date of creation: Jan 1989
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Postal: Center for Mathematical Studies in Economics and Management Science, Northwestern University, 580 Jacobs Center, 2001 Sheridan Road, Evanston, IL 60208-2014
Web page: http://www.kellogg.northwestern.edu/research/math/
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- McAfee, R. Preston & McMillan, John., 1990.
726, California Institute of Technology, Division of the Humanities and Social Sciences.
- Michael H. Riordan, 1985. "Imperfect Information and Dynamic Conjectural Variations," RAND Journal of Economics, The RAND Corporation, vol. 16(1), pages 41-50, Spring.
- Marc S. Robinson, 1984. "Oil Lease Auctions: Reconciling Economic Theory with Practice," UCLA Economics Working Papers 292, UCLA Department of Economics.
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