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- W3121382241 abstract "The English auction is susceptible to tacit collusion when post-auction inter-bidder resale is allowed. We show this by constructing equilibria where, with positive probability, one bidder wins the auction without any competition and divides the spoils by optimally reselling the good to the other bidders. These equilibria interim Pareto dominate (among bidders) the standard value-bidding equilibrium, without requiring the bidders to make any commitment on bidding behavior or post-bidding spoil-division." @default.
- W3121382241 created "2021-02-01" @default.
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- W3121382241 date "2008-10-01" @default.
- W3121382241 modified "2023-09-27" @default.
- W3121382241 title "Collusion Via Resale" @default.
- W3121382241 hasPublicationYear "2008" @default.
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