Auction Design with Tacit Collusion
Auction Design with Tacit Collusion
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默契共谋的拍卖设计
DOI:
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发表时间:
2003
期刊:
影响因子:
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通讯作者:
Kim
中科院分区:
文献类型:
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作者:
Atila Abdulkadiro;Kim
We study an auction design problem where the auctioneer anticipates that bidders collude tacitly. We model tacit collusion in the following way: whichever auction the auctioneer announces, it becomes the stage game of a corresponding repeated game, and out of all sequential equilibria of the resulting repeated game, bidders play the one that maximizes their total ex ante payo. We show that an optimal auction in this model takes the form of a public good provision game.