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Corruption and Auctions

Menezes, Flavio; Monteiro, Paulo K


We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and offers an opportunity for him to match his opponent's bid in exchange for a bribe. In particular, we examine two types of corruption arrangements. In the first case, the auctioneer approaches the winner to offer the possibility of a reduction in his bid to match the loser's bid in exchange for a bribe. In the second arrangement, the auctioneer approaches the loser and offers him the...[Show more]

CollectionsANU Research Publications
Date published: 2001
Type: Working/Technical Paper


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