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Collusion in Auctions with Constrained Bids: Theory and Evidence from Public Procurement

Sylvain Chassang (Princeton University)

22 février 2017  -  11:00-12:30, salle Extranef 109

Host(s): Dominic Rohner

We study the mechanics of cartel enforcement and its interaction with bidding constraints in the context of repeated procurement auctions. Under collusion, bidding constraints weaken cartels by limiting the scope for punishment. This yields a test of collusive behavior exploiting the counter-intuitive prediction that introducing minimum prices can lower the distribution of winning bids. The model’s predictions are borne out in procurement data from Japan, where we find considerable evidence that collusion is weakened by the introduction of minimum prices.

Liste des prochaines séances

20 septembre 2017 Hilary Hoynes (Berkeley University)
Host(s): Rafael Lalive
11:00-12:30, salle Extranef 109

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28 septembre 2017 Antonio Ciccone (UPF & Mannheim University)
Host(s): Dominic Rohner
11:00-12:30, salle Extranef 109

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26 octobre 2017 Ralph Ossa (Zurich University)
Host(s): Frédéric Robert-Nicoud
11:00-12:30, salle Extranef 125

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2 novembre 2017 Florian Scheuer
Host(s): Marius Brülhart
11:00-12:30, salle Extranef 125

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23 novembre 2017 Mirko Wiederholt (Goethe Universität)
Host(s): Andreas Tischbirek
11:00-12:30, salle Extranef 109

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12 décembre 2017 Piero Gottardi (EUI, Florence)
Host(s): Luis Santos Pinto
11:00-12:30, salle Extranef 109

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21 février 2018 Jean-Robert Tyran (University of Vienna)
Host(s): Adrian Bruhin
11:00-12:30, salle Extranef 109

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8 mars 2018 Nicola Gennaioli (Bocconi University)
Host(s): Dominic Rohner
11:00-12:30, salle Extranef 125

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21 mars 2018 Yves Sprumont (Université de Montréal)
Host(s): Bettina Klaus
11:00-12:30, salle Extranef 109

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19 avril 2018 Nicole Maestas (Harvard University)
Host(s): Jürgen Maurer
11:00-12:30, salle Extranef 109

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31 mai 2018 Monika Piazzesi (Stanford University)
Host(s): Jean-Paul Renne
11:00-12:30, salle Extranef 109

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>> Liste des séances précédentes
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