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Research and analysis on bid rigging mechanisms

  • Arai, Koki
  • Ishibashi, Ikuo
  • Ishii-Ishibashi, Rieko

This paper examines detected bid rigging mechanisms based on the decisions of the Japan Fair Trade Commission (JFTC) from April 1996 to December 2005. We first develop some indicators that represent important characteristics of the ring mechanism from a theoretical and empirical point of view. We then classify bid rigging cases filed by the JFTC based on these indicators. We also provide simple economic analysis using the JFTC database and find that (1) extremely simple mechanisms were adopted in many bid rigging cases detected in Japan during the period examined and (2) some ring mechanisms facilitate a reduction in information asymmetry among ring members, however such function plays a subordinate role.

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Article provided by Elsevier in its journal Japan and the World Economy.

Volume (Year): 23 (2011)
Issue (Month): 1 (January)
Pages: 1-5

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Handle: RePEc:eee:japwor:v:23:y:2011:i:1:p:1-5
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505557

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  1. Aoyagi, Masaki, 2003. "Bid rotation and collusion in repeated auctions," Journal of Economic Theory, Elsevier, vol. 112(1), pages 79-105, September.
  2. Rieko Ishii, 2007. "Collusion in Repeated Procurement Auction: a Study of Paving Market in Japan," Discussion Papers in Economics and Business 07-16, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
  3. Patrick Bajari & Lixin Ye, 2001. "Deciding Between Competition and Collusion," Working Papers 01008, Stanford University, Department of Economics.
  4. repec:cup:cbooks:9780521816632 is not listed on IDEAS
  5. Robert H. Porter & J. Douglas Zona, 1992. "Detection of Bid Rigging in Procurement Auctions," NBER Working Papers 4013, National Bureau of Economic Research, Inc.
  6. Motta, Massimo & Polo, Michele, 2003. "Leniency programs and cartel prosecution," International Journal of Industrial Organization, Elsevier, vol. 21(3), pages 347-379, March.
  7. Pesendorfer, Martin, 2000. "A Study of Collusion in First-Price Auctions," Review of Economic Studies, Wiley Blackwell, vol. 67(3), pages 381-411, July.
  8. Ikuo Ishibashi & Daisuke Shimizu, 2010. "Collusive behavior under a leniency program," Journal of Economics, Springer, vol. 101(2), pages 169-183, October.
  9. Laffont, J.J. & Martimort, D., 1996. "Collusion Under Asymmetric Information," Papers 95.389, Toulouse - GREMAQ.
  10. Yeon-Koo Che & Jinwoo Kim, 2005. "Robustly collusion-proof implementation," Discussion Papers 0506-12, Columbia University, Department of Economics.
  11. McAfee, R. Preston & McMillan, John., 1990. "Bidding Rings," Working Papers 726, California Institute of Technology, Division of the Humanities and Social Sciences.
  12. Robert H. Porter & J. Douglas Zona, 1997. "Ohio School Milk Markets: An Analysis of Bidding," NBER Working Papers 6037, National Bureau of Economic Research, Inc.
  13. Ishii, Rieko, 2009. "Favor exchange in collusion: Empirical study of repeated procurement auctions in Japan," International Journal of Industrial Organization, Elsevier, vol. 27(2), pages 137-144, March.
  14. repec:cup:cbooks:9780521016919 is not listed on IDEAS
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