Maximal loss from collusion in IPV symmetric auctions
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.
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- Baldwin, Laura H & Marshall, Robert C & Richard, Jean-Francois, 1997.
"Bidder Collusion at Forest Service Timber Sales,"
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- R. Preston McAfee, 2002. "Coarse Matching," Econometrica, Econometric Society, vol. 70(5), pages 2025-2034, September.
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Elsevier, vol. 42(4), pages 419-423.
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