Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062206 | Economics Letters | 2008 | 4 Pages |
Abstract
We derive a bound on the seller's revenue loss in optimal auctions from unanticipated bidder collusion. The relative loss is rather small when there are few bidders. It is increasing with the number of bidders but at a slow rate.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Gregory Pavlov,