On stability of efficient cartel mechanisms in first-price auctions with uninformed bidders
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DOI: 10.1016/j.econlet.2019.108918
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References listed on IDEAS
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More about this item
Keywords
Stability; Efficient cartel mechanism; First-price auctions; Participation costs;All these keywords.
JEL classification:
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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