Perfect bidder collusion through bribe and request

We study collusion in a second-price auction with two bidders in a dynamic environment. One bidder can make a take-it-or-leave-it collusion proposal, which consists of both an offer and a request of bribes, to the opponent. We show that there always exists a robust equilibrium in which the collusion...

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Hauptverfasser:	Lu, Jingfeng, Lu, Zongwei, Riis, Christian
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext bestellen
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