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Browsing Duke Faculty Articles by Author "Marshall, Robert C."

DukeSpace

Browsing Duke Faculty Articles by Author "Marshall, Robert C."

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  • Collusive Bidder Behavior at Single-Object Second-Price and English Auctions
    Graham, Daniel; Marshall, Robert C. (The Journal of Political Economy, 1987)
    In this paper we first develop a model of cooperative bidder behavior at a single-object (nondivisible) second-price auction within the IPV framework assuming risk neutrality of the bidders and the auctioneer. A central ...
  • Differential Payments within a Bidder Coalition and the Shapley Value
    Graham, Daniel; Marshall, Robert C.; Richard, Jean-Francois (American Economic Review, 1990)
    Bidder Coalitions at English auctions frequently distribute collusive gains among members via a secondary auction or "Knockout". When Coalition members are sufficiently heterogenous, nested coalition structures are observed ...