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Avoiding the collusion among the bidders and the agent in sealed-bidauctions1
(Çanakkale Onsekiz Mart Üniversitesi, 2006-02)
We study an auction in which bidders can bribe the auctioneer before they bid and before they know the identity of the winner, with the auctioneer lowering the winner’s bid if the winner is bribed. We show that, in ...