Using Reserve Prices to Deter Collusion in Procurement Competition
Using Reserve Prices to Deter Collusion in Procurement Competition
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利用保留价阻止采购竞争中的串通行为
DOI:
10.1111/j.1467-6427.2005.00257.x
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发表时间:
2005
期刊:
影响因子:
--
通讯作者:
Charles J. Thomas
中科院分区:
文献类型:
--
作者:
Charles J. Thomas
To enhance our understanding of collusion in procurement settings, this paper quantitatively evaluates how the buyer's choice of a reserve price influences the sustainability of two previously devised collusive schemes. If the buyer does not select its reserve price strategically, then collusion may be sustainable for a wide range of plausible discount factors. However, even mildly sophisticated reserve price selection can dramatically shrink the set of discount factors for which collusion is sustainable. These findings support existing arguments that buyers are vulnerable to collusion, but they also suggest that buyers possess tools that may profitably induce sellers to act competitively.