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Endogenous bid rotation in repeated auctions

Shiran Rachmilevitch

Journal of Economic Theory, 2013, vol. 148, issue 4, 1714-1725

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.

Keywords: Auctions; Bid rotation; Collusion; Repeated games (search for similar items in EconPapers)
JEL-codes: D44 D82 (search for similar items in EconPapers)
Date: 2013
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