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Maximal loss from collusion in IPV symmetric auctions

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  • Pavlov, Gregory

Abstract

We derive a bound on the seller's revenue loss in optimal auctions from unanticipated bidder collusion. The relative loss is rather small when there are few bidders. It is increasing with the number of bidders but at a slow rate.

Suggested Citation

  • Pavlov, Gregory, 2008. "Maximal loss from collusion in IPV symmetric auctions," Economics Letters, Elsevier, vol. 99(2), pages 345-348, May.
  • Handle: RePEc:eee:ecolet:v:99:y:2008:i:2:p:345-348
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    References listed on IDEAS

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    1. Neeman, Zvika, 2003. "The effectiveness of English auctions," Games and Economic Behavior, Elsevier, vol. 43(2), pages 214-238, May.
    2. Froeb, Luke M. & Koyak, Robert A. & Werden, Gregory J., 1993. "What is the effect of bid-rigging on prices?," Economics Letters, Elsevier, vol. 42(4), pages 419-423.
    3. John McMillan, 1991. "Dango: Japan'S Price-Fixing Conspiracies," Economics and Politics, Wiley Blackwell, vol. 3(3), pages 201-218, November.
    4. Baldwin, Laura H & Marshall, Robert C & Richard, Jean-Francois, 1997. "Bidder Collusion at Forest Service Timber Sales," Journal of Political Economy, University of Chicago Press, vol. 105(4), pages 657-699, August.
    5. Krishna, Vijay, 2009. "Auction Theory," Elsevier Monographs, Elsevier, edition 2, number 9780123745071.
    6. R. Preston McAfee, 2002. "Coarse Matching," Econometrica, Econometric Society, vol. 70(5), pages 2025-2034, September.
    7. William P. Rogerson, 2003. "Simple Menus of Contracts in Cost-Based Procurement and Regulation," American Economic Review, American Economic Association, vol. 93(3), pages 919-926, June.
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