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Can I read Collusion in auctions for emission permits: An experimental analysis on EtoBox?
Collusion in auctions for emission permits: An experimental analysis by Dallas Burtraw; Jacob Goeree; Charles A. Holt; Erica Myers; Karen Palmer; William Shobe is a Social Sciences article available to read on EtoBox.
What is Collusion in auctions for emission permits: An experimental analysis about?
## Abstract Environmental markets have several institutional features that provide a new context for the use of auctions and that have not been studied previously. This paper reports on laboratory experiments testing three auction forms—uniform and discriminatory price sealed‐bid auctions and an ascending clock auction. We test the ability of subjects to tacitly or explicitly collude in order to maximize profits. Our main result is that the discriminatory and uniform price auctions produce greater revenues than the clock auction, both with and without explicit communication. The clock appears to facilitate successful collusion, both because of its sequential structure and because it allows bidders to focus on one dimension of cooperation (quantity) rather than two (price and quantity).© 2009 by the Association for Public Policy Analysis and Management.
Who reads Collusion in auctions for emission permits: An experimental analysis?
It is typically read by researchers, students, and practitioners in Social Sciences.
- Author
- Dallas Burtraw; Jacob Goeree; Charles A. Holt; Erica Myers; Karen Palmer; William Shobe
- Publisher
- John Wiley and Sons; Wiley (John Wiley & Sons); John Wiley & Sons Inc.; Wiley; JSTOR (ISSN 0276-8739)
- Published
- 2009
- Language
- EN
- Field
- Social Sciences