THE AUSTRALIAN NATIONAL UNIVERSITY WORKING PAPERS IN ECONOMICS AND ECONOMETRICS Corruption and Auctions

Abstract

We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and o¤ers 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 ...rst case, the auctioneer approaches the winner to o¤er the possibility of a reduction in his… (More)

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