English, Article, Journal or magazine article edition: Collusion via Resale Thomas Tröger; Rodney Garratt; Charles Zheng

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Bookmark: http://trove.nla.gov.au/version/52583
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Collusion via Resale
Author
  • Thomas Tröger
  • Rodney Garratt
  • Charles Zheng
Physical Description
  • preprint
Notes
  • The English auction is susceptible to tacit collusion when post-auction inter-bidder resale is allowed. We show this by constructing equilibria where, with positive probability, one bidder wins the auction without any competition and divides the spoils by optimally reselling the good to the other bidders. These equilibria interim Pareto dominate (among bidders) the standard value-bidding equilibrium, without requiring the bidders to make any commitment on bidding behavior or post-bidding spoil-division.
  • English auction, resale, collusion
  • RePEc:bon:bonedp:bgse20_2008
Language
  • English
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