Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75726
Authors: 
Lengwiler, Yvan
Wolfstetter, Elmar G.
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper 401
Abstract: 
In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects bidding, and how it altogether changes the revenue ranking of typical auctions. In addition we characterize incentive schemes that may prevent corruption, and compare them to the fee schedules employed by major auction houses.
Subjects: 
Auctions
procurement
corruption
collusion
coalitions
Document Type: 
Working Paper

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