English, Article edition: The Vulnerability of Auctions to Bidder Collusion Robert C. Marshall; Leslie M. Marx

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Bookmark: http://trove.nla.gov.au/version/111607
Physical Description
  • article
Language
  • English

Edition details

Title
  • The Vulnerability of Auctions to Bidder Collusion
Author
  • Robert C. Marshall
  • Leslie M. Marx
Physical Description
  • article
Notes
  • Previous work has addressed the relative vulnerability of different auction schemes to collusive bidding. The common wisdom is that ascending-bid and second-price auctions are highly susceptible to collusion. We show that the details of ascending-bid and second-price auctions, including bidder registration procedures and procedures for information revelation during the auction, can be designed to completely inhibit, or unintentionally facilitate, certain types of collusion. If auctions are designed without acknowledging the possibility of collusion then the design will ignore key features that impact the potential success of colluding bidders. (c) 2009 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology..
  • RePEc:tpr:qjecon:v:124:y:2009:i:2:p:883-910
Language
  • English
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