Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

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Wednesday, December 14, 2011

Endogenous Bid Rotation in Repeated Auctions

Posted by D. Daniel Sokol

Shiran Rachmilevitch (Department of Economics, University of Haifa) explores Endogenous Bid Rotation in Repeated Auctions.

ABSTRACT: I study collusion between two bidders in a general symmetric IPV repeated auction, without communication, side transfers, or public randomization. I construct a collusive scheme, endogenous bid rotation, that generates a payoff larger than the bid rotation payoff.

http://lawprofessors.typepad.com/antitrustprof_blog/2011/12/endogenous-bid-rotation-in-repeated-auctions.html

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