English, Article, Journal or magazine article edition: Comparing Competition and Collusion in Procurement Auctions: A Numerical Approach Patrick Bajari

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Bookmark: http://trove.nla.gov.au/version/142629
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Comparing Competition and Collusion in Procurement Auctions: A Numerical Approach
Author
  • Patrick Bajari
Physical Description
  • preprint
Notes
  • January 2000, Revised January 2001 Collusion is a serious problem in many procurement auctions. In this research, I study a model of first price sealed bid procurement auctions with asymmetric bidders. I demonstrate that the equilibrium to the model is unique and describe three algorithms that can be used to compute the inverse equilibrium bid functions. I then use the computational algorithms to compare competitive and collusive bidding. The algorithms are useful for structural estimation of auction models and for assessing the damages from bid-rigging.
  • RePEc:wop:stanec:00003
Language
  • English
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