A study of the internal organization of a bidding cartel

American Economic Review

Volumn 100, Issue 3, 2010, Pages 724-762

  Asker, John ^a  

^a NEW YORK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77956126356     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.100.3.724     Document Type: Article

References (43)

1. Athey, Susan, Jonathon Levin, and Enrique Seira. 2004. "Comparing Open and Sealed Bid Auctions: Theory and Evidence from Timber Auctions." Unpublished.
2. Bajari, Patrick, and Lixin Ye. 2003. "Deciding between Competition and Collusion. " Review of Economics and Statistics, 85 (4):971-89.
3. Bajari, Patrick, Stephanie Houghton, and Steven Tadelis. 2007. "Bidding for Incomplete Contracts: An Empirical Analysis of Adaptation Costs." http://www.econ. umn.edu/~bajari/research/incompletepdf.
4. Baldwin, Laura H., Robert C. Marshall, and Jean-Francois Richard. 1997. "Bidder Collusion at Forest Service Timber Sales." Journal of Political Economy, 105 (4):657-99.
5. Cassady, Ralph. 1967. Auctions and Auctioneering. Berkeley: University of California Press.
6. Che, Yeon-Koo, and Jinwoo Kim. 2009. "Optimal Collusion-Proof Auctions." Journal of Economic Theory, 144 (2):565-603.
7. Deltas, George. 2002. "Determining Damages from the Operation of Bidding Rings: An Analysis of the Post-Auction 'Knockout' Sale." Economic Theory, 19 (2):243-69.
8. Diggle, Peter J., and Peter Hall. 1993. "A Fourier Approach to Nonparametric Deconvolution of a Density Estimate." Journal of the Royal statistical society: series B (Methodological), 55 (2):523-31.
9. Freeman, Arthur, and Janet Freeman. 1990. Anatomy of an Auction: Rare Books at Ruxley Lodge, 1919. London: Book Collector.
10. Gandhi, Amit, and Salvador Navarro. 2008. "Identifying Production Functions Using Restrictions from Economic Theory." http://www.ssc.wisc. edu/~agandhi/GNR-Sep05-01pdf.
11. Genesove, David, and Wallace P. Mullin. 2001. "Rules, Communication, and Collusion: Narrative Evidence from the Sugar Institute Case." American Economic Review, 91 (3):379-98.
12. Graham, Daniel A., and Robert C. Marshall. 1987. "Collusive Bidder Behavior at Single-Object Second-Price and English Auctions." Journal of Political Economy, 95 (6):1217-39.
13. Graham, Daniel A., Robert C. Marshall, and Jean-Francois Richard. 1990. "Differential Payments within a Bidder Coalition and the Shapley Value." American Economic Review, 80 (3):493-510.
14. Guerre, Emmanuel, Isabelle Perrigne, and Quang Vuong. 2000. "Optimal Nonparametric Estimation of First-Price Auctions." Econometrica, 68 (3):525-74.
15. Haile, Philip A., and Elie Tamer. 2003. "Inference with an Incomplete Model of English Auctions." Journal of Political Economy, 111 (1):1-51.
16. Haile, Philip A., Han Hong, and Matthew Shum. 2003. "Nonparametric Tests for Common Values at First-Price Sealed-Bid Auctions." National Bureau of Economic Research Working Paper 10105.
17. Hardle, Wolfgang, and Thomas M. Stoker. 1989. "Investigating Smooth Multiple Regression by the Method of Average Derivatives." Journal of the American Statistical Association, 84 (408):986-95.
18. Harrington, Joseph E., Jr. 2008. "Detecting Cartels." In Handbook of Antitrust Economics, ed. Paolo Buccirossi, 213-58. Cambridge, MA: MIT Press.
19. Henderson, Daniel J., John List, Daniel L. Millimet, Christopher F. Parmeter, and Michael Price. 2008. "Imposing Monotonicity Nonparametrically in First Price Auctions." Virginia Tech AAEC Working Paper 2008-08.
20. Hendricks, Ken, Robert Porter, and Guofu Tan. 2003. "Bidding Rings and the Winner's Curse: The Case of Federal Offshore Oil and Gas Lease Auctions." National Bureau of Economic Research Working Paper 9836.
21. Kotlarski, Ignacy. 1966. "On Some Characterization of Probability Distributions in Hilbert Spaces." Annali di Matematica Pura ed Applicata, 74 (1):129-34.
22. Krasnokutskaya, Elena. 2004. "Identifcation and Estimation in Highway Procurement Auctions Under Unobserved Auction Heterogeneity." Unpublished.
23. Krishna, Vijay. 2002. Auction Theory. San Diego: Academic Press.
24. Kwoka, John E., Jr. 1997. "The Price Effects of Bidding Conspiracies: Evidence from Real Estate Auction 'Knockouts.'" Antitrust Bulletin, 42 (2):503-16.
25. Levitt, Steven D., and Sudhir Alladi Venkatesh. 2000. "An Economic Analysis of a Drug-Selling Gang's Finances." Quarterly Journal of Economics, 115 (3):755-89.
26. Li, Tong, and Quang Vuong. 1998. "Nonparametric Estimation of the Measurement Error Model Using Multiple Indicators." Journal of Multivariate Analysis, 65 (2):139-65.
27. Li, Tong, Isabelle Perrigne, and Quang Vuong. 2000. "Conditionally Independent Private Information in OCS Wildcat Auctions." Journal of Econometrics, 98 (1):129-61.
28. Lizzeri, Alessandro, and Nicola Persico. 2000. "Uniqueness and Existence of Equilibrium in Auctions with a Reserve Price." Games and Economic Behavior, 30 (1):83-114.
29. Lopomo, Giuseppe, Robert C. Marshall, and Leslie M. Marx. 2005. "Inefficiency of Collusion at English Auctions." BE Journal of Theoretical Economics: Contributions to Theoretical Economics, 5 (1):1-26.
30. Mailath, George J., and Peter Zemsky. 1991. "Collusion in Second Price Auctions with Heterogeneous Bidders." Games and Economic Behavior, 3 (4):467-86.
31. Marshall, Robert C., and Leslie M. Marx. 2007. "Bidder Collusion. " Journal of Economic Theory, 133 (1):374-402.
32. McAfee, R. Preston, and John McMillan. 1992. "Bidding Rings." American Economic Review, 82 (3):579-99.
33. Milgrom, Paul R., and Robert J. Weber. 1982. "A Theory of Auctions and Competitive Bidding." Econometrica, 50 (5):1089-122.
34. Pesendorfer, Martin. 2000. "A Study of Collusion in First-Price Auctions." Review of Economic studies, 67 (3):381-411.
35. Porter, Robert H. 1992. "Book Review: Anatomy of an Auction: Rare Books at Ruxley Lodge, 1919." Journal of Political Economy, 100 (2):433-36.
36. Porter, Robert H., and J. Douglas Zona. 1993. "Detection of Bid Rigging in Procurement Auctions." Journal of Political Economy, 101 (3):518-38.
37. Porter, Robert H., and J. Douglas Zona. 1999. "Ohio School Milk Markets: An Analysis of Bidding." RAND Journal of Economics, 30 (2):263-88.
38. Roa, B. L. S. Prakasa. 1992. Identifiability in stochastic Models: characterization of Probability Distributions. Boston: Academic Press.
39. Robinson, Peter M. 1986. "On the Consistency and Finite Sample Properties of Nonparametric Kernel Time Series Regression, Autoregression and Density Estimators." Annals of the Institute of statistical Mathematics, 38 (3):539-49.
40. Roller, Lars-Hendrik, and Frode Steen. 2006. "On the Workings of a Cartel: Evidence from the Norwegian Cement Industry." American Economic Review, 96 (1):321-38.
41. Skrzypacz, Andrzej, and Hugo Hopenhayn. 2004. "Tacit Collusion in Repeated Auctions." Journal of Economic Theory, 114 (1):153-69.
42. Smith, Charles W. 1989. Auctions: The Social Construction of Value. New York: The Free Press.
43. Wraight, Robert. 1974. The Art Game Again! London: Frewin.