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Bidding Clubs: Institutionalized Collusion in Auctions

机译:竞标俱乐部:制度化拍卖中的勾结

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We introduce a class of mechanisms, called bidding dubs, for agents to coordinate their bidding in auctions. In a bidding club agents first conduct a "pre-auction" within the club; depending on the outcome of the pre-auction some subset of the members of the club bid in the primary auction in a prescribed way; and, in some cases, certain monetary transfers take place after the auction. Bidding clubs have self-enforcing collusion properties in the context of second-price auctions. We show that this is still true when multiple auctions take place for substitutable goods, as well as for complementary goods. We also present a bidding club protocol for first-price auctions. Finally, we show cases where bidding clubs have self-enforcing cooperation protocols in arbitrary mechanisms.
机译:我们介绍一类被称为招标配音的机制,供代理人协调其拍卖中的投标。在竞标俱乐部代理商中首先在俱乐部内进行“预拍卖”;根据拍卖预先拍卖的结果,以规定的方式在主要拍卖中出价的一些子集;并且,在某些情况下,某些货币转移在拍卖后发生。竞标俱乐部在二价格拍卖的背景下具有自我执行的勾结性能。我们表明,当多次拍卖为可替换商品以及互补商品进行多次拍卖时,这仍然是正确的。我们还提供了一个招标俱乐部协议,以获得一美元拍卖。最后,我们展示了招标俱乐部在任意机制中具有自我执行合作议定书的案件。

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