Roy Chowdhury, Prabal (2006): Controlling Collusion in Auctions: The Role of Ceilings and Reserve Prices.
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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.
|Item Type:||MPRA Paper|
|Institution:||Indian Statistical Institute, Delhi Center|
|Original Title:||Controlling Collusion in Auctions: The Role of Ceilings and Reserve Prices|
|Keywords:||Auctions; ceilings; collusion; reserve prices|
|Subjects:||D - Microeconomics > D4 - Market Structure, Pricing, and Design > D44 - Auctions
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games
|Depositing User:||Prabal Roy Chowdhury|
|Date Deposited:||17. Jan 2007|
|Last Modified:||25. Feb 2013 07:33|
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