Economic Analysis of Bid Rigging in Procurement Auctions

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The research has done the general analysis in bid-rigging in procurement auctions. In asymmetric auctions related to bid-rigging, we compared revenues and efficiency in terms of a degree of asymmetry. The empirical analysis usingpublic works data in a municipality was first analysis in city officials’ involvement of the bid rigging. The main conclusion is that in the city officials’ involvement of the bid rigging, backlogs of bidding firms positively influences their bid rates. The examination of Japanese Fair Trade Commission’s recommendation showed the existence of some boom of cartel.