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Collusion without Conspiracy: An Experimental Study of One-Sided Auctions

Author

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  • Sherstyuk, K.

Abstract

The study addresses the issue of sustainability of collusion in one-sided auctions. Earlier experimental studies indicate that, in double oral auctions, collusion is hard to sustain even if conspiracy is allowed and quotation improvement rules are absent. We investigate the role of similar institutional features in one-sided auctions.

Suggested Citation

  • Sherstyuk, K., 1998. "Collusion without Conspiracy: An Experimental Study of One-Sided Auctions," Department of Economics - Working Papers Series 610, The University of Melbourne.
    • Handle: RePEc:mlb:wpaper:610
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    Cited by:

    1. Sherstyuk, Katerina, 2008. "Some Results on Anti-Competitive Behavior in Multi-Unit Ascending Price Auctions," Handbook of Experimental Economics Results, in: Charles R. Plott & Vernon L. Smith (ed.), Handbook of Experimental Economics Results, edition 1, volume 1, chapter 23, pages 185-198, Elsevier.
    2. Sherstyuk, Katerina, 1999. "Team selection with asymmetric agents," Journal of Economic Behavior & Organization, Elsevier, vol. 38(4), pages 421-452, April.
    3. Anthony M. Kwasnica & Katerina Sherstyuk, 2001. "Collusion via Signaling in Multiple Object Auctions with Complementarities- An Experimental Test," Working Papers 200102, University of Hawaii at Manoa, Department of Economics.
    4. Jin Li & Charles R. Plott, 2009. "Tacit Collusion In Auctions And Conditions For Its Facilitation And Prevention: Equilibrium Selection In Laboratory Experimental Markets," Economic Inquiry, Western Economic Association International, vol. 47(3), pages 425-448, July.
    5. Martin Sefton & Ping Zhang, 2014. "Divisible-good uniform price auctions: The role of allocation rules and communication among bidders," Research in Experimental Economics, in: Sean M. Collins & R. Mark Isaac & Douglas A. Norton (ed.), Experiments in Financial Economics, volume 16, pages 53-86, Emerald Publishing Ltd.
    6. Sherstyuk, Katerina, 2002. "Collusion in private value ascending price auctions," Journal of Economic Behavior & Organization, Elsevier, vol. 48(2), pages 177-195, June.
    7. Nicolas Fugger & Elena Katok & Achim Wambach, 2016. "Collusion in Dynamic Buyer-Determined Reverse Auctions," Management Science, INFORMS, vol. 62(2), pages 518-533, February.
    8. Anthony M. Kwasnica & Katerina Sherstyuk, 2013. "Multiunit Auctions," Journal of Economic Surveys, Wiley Blackwell, vol. 27(3), pages 461-490, July.
    9. Philippe Gillen & Alexander Rasch & Achim Wambach & Peter Werner, 2016. "Bid pooling in reverse multi-unit Dutch auctions: an experimental investigation," Theory and Decision, Springer, vol. 81(4), pages 511-534, November.
    10. Alexander L. Brown & Charles R. Plott & Heidi J. Sullivan, 2009. "Collusion Facilitating And Collusion Breaking Power Of Simultaneous Ascending And Descending Price Auctions," Economic Inquiry, Western Economic Association International, vol. 47(3), pages 395-424, July.
    11. Argenton, Cédric & Ivanova-Stenzel, Radosveta & Müller, Wieland, 2024. "Cournot meets Bayes-Nash: A discontinuity in behavior in finitely repeated duopoly games," Games and Economic Behavior, Elsevier, vol. 144(C), pages 1-12.
    12. Francesco Feri & Anita Gantner & Wolfgang Höchtl & Rupert Sausgruber, 2013. "The pivotal mechanism revisited: some evidence on group manipulation," Experimental Economics, Springer;Economic Science Association, vol. 16(1), pages 23-51, March.
    13. Noussair, Charles N. & Seres, Gyula, 2020. "The effect of collusion on efficiency in experimental auctions," Games and Economic Behavior, Elsevier, vol. 119(C), pages 267-287.
    14. Charles A. Holt & Sean P. Sullivan, 2023. "Permutation tests for experimental data," Experimental Economics, Springer;Economic Science Association, vol. 26(4), pages 775-812, September.
    15. Hu, Audrey & Offerman, Theo & Onderstal, Sander, 2011. "Fighting collusion in auctions: An experimental investigation," International Journal of Industrial Organization, Elsevier, vol. 29(1), pages 84-96, January.
    16. Almeida, Vinicio de Souza e & Leal, Ricardi Pereira Câmara, 2015. "Análise experimental conjunta do comportamento do investidor em IPOs," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 55(1), January.

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    Keywords

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    JEL classification:

    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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