The Value of Privacy in Cartels: An Analysis of the Inner Workings of a Bidding Ring
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We study the inner workings of a bidding cartel focusing on the way in which bidders communicate with one another regarding how each bidder should bid. We show that the designated winner of the cartel can attain higher payoffs by randomizing its bid and keeping it secret from other bidders when
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美国国家经济研究局创建时间：
2021-03-01
