Skip navigation
Skip navigation

Corruption and Auctions

Menezes, Flavio; Monteiro, Paulo K.

Description

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]

dc.contributor.authorMenezes, Flavio
dc.contributor.authorMonteiro, Paulo K.
dc.date.accessioned2002-05-09
dc.date.accessioned2004-05-19T09:42:35Z
dc.date.accessioned2011-01-05T08:25:50Z
dc.date.available2004-05-19T09:42:35Z
dc.date.available2011-01-05T08:25:50Z
dc.identifier.urihttp://hdl.handle.net/1885/40511
dc.identifier.urihttp://digitalcollections.anu.edu.au/handle/1885/40511
dc.description.abstractWe 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 possibility of matching the winner's bid in exchange for a bribe. While oral auctions are corruption free under the two arrangements, corruption affects both bidding behavior, efficiency and the seller's expected revenue in a first­price auction.
dc.format.extent221755 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.subjectcorruption
dc.subjectauctions
dc.subjectefficiency
dc.titleCorruption and Auctions
dc.typeWorking/Technical Paper
local.description.refereedno
local.identifier.citationmonthmay
local.identifier.citationyear2001
local.identifier.eprintid342
local.rights.ispublishedyes
dc.date.issued2001
local.contributor.affiliationANU
local.contributor.affiliationSchool of Economics
local.citationWorking Papers in Economics and Econometrics No. 397
CollectionsANU Research Publications

Download

File Description SizeFormat Image
wp397.pdf216.56 kBAdobe PDFThumbnail


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator