Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75726 
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper No. 401
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
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
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.