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Auction theory and collusion

In: Cartels, Competition and Public Procurement

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Abstract

Stefan Weishaar explores the ways in which economic theory can be used to mitigate the adverse effects of bid rigging cartels. The study sheds light on one of the vital issues for achieving cost-effective public procurement – which is itself a critical question in the context of the global financial crisis. The book comprehensively examines whether different laws deal effectively with bid rigging and the ways in which economic theory can be used to mitigate the adverse effects of such cartels. The employed industrial economics and auction theory highlights shortcomings of the law in all three jurisdictions – the European Union, China and Japan – and seeks to raise the awareness of policymakers as to when extra precautionary measures against bid rigging conspiracies should be taken.

Suggested Citation

  • ., 2013. "Auction theory and collusion," Chapters, in: Cartels, Competition and Public Procurement, chapter 4, pages 36-62, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14565_4
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    File URL: https://www.elgaronline.com/view/9780857936745.00010.xml
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    Cited by:

    1. Wang, Y. & Wang, C. & Miller, C.J. & McElmurry, S.P. & Miller, S.S. & Rogers, M.M., 2014. "Locational marginal emissions: Analysis of pollutant emission reduction through spatial management of load distribution," Applied Energy, Elsevier, vol. 119(C), pages 141-150.
    2. Brouwer, Anne Sjoerd & van den Broek, Machteld & Seebregts, Ad & Faaij, André, 2015. "Operational flexibility and economics of power plants in future low-carbon power systems," Applied Energy, Elsevier, vol. 156(C), pages 107-128.
    3. Changkeun Lee & Euijune Kim, 2017. "Mobility of Workers and Population between Old and New Capital Cities Using the Interregional Economic Model," Sustainability, MDPI, vol. 9(10), pages 1-15, October.

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