Detecting Bidders Groups in Collusive Auctions
Detecting Bidders Groups in Collusive Auctions
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DOI:
10.1257/mic.20130254
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发表时间:
2016-05-01
影响因子:
2.4
通讯作者:
Decarolis, Francesco
中科院分区:
文献类型:
--
作者:
Conley, Timothy G.;Decarolis, Francesco
We study entry and bidding in procurement auctions where contracts are awarded to the bid closest to a trimmed average bid. These auctions, common in public procurement, create incentives to coordinate bids to manipulate the bid distribution. We present statistical tests to detect coordinated entry and bidding choices. The tests perform well in a validation dataset where a court case makes coordination observable. We use the tests to detect coordination in a larger dataset where it is suspected, but not known. The results are used to interpret a major market shakeout following a switch to first price auctions.