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Bidder Collusion and the Auction with Target Bids

Listed author(s):
  • Olga Gorelkina

    ()

    (Max Planck Institute for Research on Collective Goods)

This paper studies collusion in one-shot auctions, where a buyer can bribe his competitors into lowering their bids. We modify the single-unit Vickrey auction to incite deviations from the designated-winner scenario and thus undermine collusion. The construction of mechanism does not require the knowledge of colluders’ identities or distributions of valuations, in which sense it is entirely detail-free.

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File URL: http://www.coll.mpg.de/pdf_dat/2014_10online.pdf
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Paper provided by Max Planck Institute for Research on Collective Goods in its series Discussion Paper Series of the Max Planck Institute for Research on Collective Goods with number 2014_10.

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Date of creation: Aug 2014
Handle: RePEc:mpg:wpaper:2014_10
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  40. repec:dau:papers:123456789/4100 is not listed on IDEAS
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