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Retaliatory Equilibria in a Japanese Ascending Auction for Multiple Objects

  • Gian Albano
  • Fabrizio Germano

    ()

  • Stefano Lovo

We construct a family of retaliatory equilibria for the Japanese ascending auction for multiple objects and show that, while it is immune to many of the tacitly collusive equilibria studied in the literature, it is not entirely immune when some bidders are commonly known to be interested in a specific object.

(This abstract was borrowed from another version of this item.)

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File URL: http://hdl.handle.net/10.1007/s10058-006-0006-z
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Article provided by Springer & Society for Economic Design in its journal Review of Economic Design.

Volume (Year): 10 (2006)
Issue (Month): 1 (April)
Pages: 1-8

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Handle: RePEc:spr:reecde:v:10:y:2006:i:1:p:1-8
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  1. Cramton Peter & Schwartz Jesse A, 2002. "Collusive Bidding in the FCC Spectrum Auctions," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 1(1), pages 1-20, December.
  2. Sandro Brusco & Giuseppe Lopomo, 1999. "Collusion via Signalling in Open Ascending Auctions with Multiple Objects and Complementarities," Working Papers 99-05, New York University, Leonard N. Stern School of Business, Department of Economics.
  3. Stefano Lovo & Gian Luigi Albano & Fabrizio Germano, 1999. "A Comparison of Standard Multi-Unit Auctions with Synergies," Working Papers hal-00599418, HAL.
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