Antitrust & Competition Policy Blog

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

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.

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