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)
Figures and Tables
Sorry, we couldn't extract any figures or tables for this paper.