Retaliatory Equilibria in a Japanese Ascending Auction for Multiple Objects
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.
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Volume (Year): 10 (2006)
Issue (Month): 1 (April)
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- Stefano Lovo & Gian Luigi Albano & Fabrizio Germano, 1999.
"A Comparison of Standard Multi-Unit Auctions with Synergies,"
- Albano, Gian Luigi & Germano, Fabrizio & Lovo, Stefano, 2001. "A comparison of standard multi-unit auctions with synergies," Economics Letters, Elsevier, vol. 71(1), pages 55-60, April.
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- ALBANO, Gian Luigi & GERMANO, Fabrizio & LOVO, Stefano, 1999. "A comparison of standard multi-unit auctions with synergies," CORE Discussion Papers 1999052, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Peter Cramton & Jesse Schwartz, 2002.
"Collusive Bidding in the FCC Spectrum Auctions,"
Papers of Peter Cramton
02collude, University of Maryland, Department of Economics - Peter Cramton, revised 04 Dec 2002.
- Peter Cramton & Jesse Schwartz, 2000. "Collusive Bidding in the FCC Spectrum Auctions," Econometric Society World Congress 2000 Contributed Papers 1210, Econometric Society.
- Sandro Brusco & Giuseppe Lopomo, 1999.
"Collusion via Signalling in Open Ascending Auctions with Multiple Objects and Complementarities,"
99-05, New York University, Leonard N. Stern School of Business, Department of Economics.
- Lopomo, Giuseppe & Brusco, Sandro, 1999. "Collusion via signaling in open ascending auctions with multiple objects and complementarities," DEE - Working Papers. Business Economics. WB 6518, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
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