Article: article from journal or magazin.
Cartel Stability in Sealed Bid Second Price Auctions
Journal of Industrial Economics
One of the great advantages of sealed bid second price auctions is that they lead to very simple bidding strategies. This paper shows that they also suffer from a major inconvenience: They greatly facilitate collusion among the participants, even if the cartel's designated winner is not the one with the highest valuation.
Web of science
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