On stability of efficient cartel mechanisms in first-price auctions with uninformed bidders

DOI10.1016/J.ECONLET.2019.108918MaRDI QIDQ2295367zbMATH OpenOpenAlexFDO

Authors Xiaoyong Cao, Shao-Chieh Hsueh, Wei Wang

Publication date 13 February 2020

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2019.108918

zbMATH Keywords

stabilityfirst-price auctionsparticipation costsefficient cartel mechanism

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• On the efficiency of the first price auction
• First-Price Auctions With General Information Structures: Implications for Bidding and Revenue
• Weak cartels and collusion-proof auctions
• An empirical investigation of efficiency and price uniformity in competing auctions
• Competition and information acquisition in first price auctions
• On the stability of price-adjusting oligopolies with incomplete information
• A Study of Collusion in First-Price Auctions
• Uniqueness of the equilibrium in first-price auctions
• Bidder collusion at first-price auctions
• On the informational inefficiency of discriminatory price auctions

Cites work

• Asymmetric Auctions
• Equilibria in first price auctions with participation costs
• Ratifiability of efficient collusive mechanisms in second-price auctions with participation costs
• Ratifiable mechanisms: Learning from disagreement
• Uniqueness of equilibrium in sealed high-bid auctions.

Cited in

(1)

• The study on the collusion mechanism of auction and it's efficiency

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