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
Most analysis of market power assumes that managers are perfect agents for shareholders. This paper relaxes that assumption.
Research sharing is an important objective of many research joint ventures.
In many industries, a regulator designs an auction to select ex-ante the firms that compete ex-post on the product market.
When players who choose a common strategy face a common shock, while players who choose different strategies face independent or imperfectly correlated shocks, equilibrium choices exhibit differentiat