Collusion in procurement auctions: an experimental examination.

Experimental methods are used to examine the existence and detectability of collusion in environments that exhibit critical parallels to procurement auctions. We find that given the opportunity sellers often raise prices considerably. Moreover, noncollusive Nash equilibrium predictions are insuffici...

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Bibliographic Details

Published in:	Economic Inquiry Vol. 40; no. 2; pp. 213 - 231
Main Authors:	Davis, Douglas D., Wilson, Bart J.
Format:	Article
Published:	Wiley-Blackwell April 2002
Subjects:	Auctions Mathematical models Price fixing Communication in economics Corruption in the construction industry
Online Access:	View this record in EBSCOhost