Controlling collusion in auctions: The role of ceilings and reserve prices

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 98
Issue: 3
Pages: 240-246

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 set at the lowest bidder valuation.

Technical Details

RePEc Handle
repec:eee:ecolet:v:98:y:2008:i:3:p:240-246
Journal Field
General
Author Count
1
Added to Database
2026-01-29