Controlling Collusion in Auctions: The Role of Ceilings and Reserve Prices
We examine a simple model of collusion under a single-object second-price auction. Under the appropriate parameter conditions, in particular as long as collusion is neither too easy, nor too difficult, we find that the optimal policy involves both an effective ceiling, as well as a reserve price.
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- Peter Eso & James Schummer, 2002.
"Bribing and Signalling in Second Price Auctions,"
1357, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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Sonderforschungsbereich 504 Publications
01-19, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
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- repec:cup:cbooks:9780521551847 is not listed on IDEAS
- repec:cup:cbooks:9780521536721 is not listed on IDEAS
- Kirkegaard, Rene, 2005. "Participation fees vs. reserve prices in auctions with asymmetric or colluding buyers," Economics Letters, Elsevier, vol. 89(3), pages 328-332, December.
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