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- W2993185616 abstract "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 success probability is one. In the equilibrium, for each type of initiator the expected payoff is generally higher than the counterpart in any robust equilibria of the single-option model (Es{o} and Schummer (2004)) and any other separating equilibria in our model." @default.
- W2993185616 created "2019-12-13" @default.
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- W2993185616 date "2019-12-07" @default.
- W2993185616 modified "2023-10-16" @default.
- W2993185616 title "Perfect bidder collusion through bribe and request" @default.
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- W2993185616 doi "https://doi.org/10.48550/arxiv.1912.03607" @default.
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