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Going Once, Going Twice, Reported!

Jeroen Hinloopen

Utrecht University School of Economics; Tinbergen Institute

Sander Onderstal

University of Amsterdam; Tinbergen Institute

April 5, 2013

Tinbergen Institute Discussion Paper No. 09-085/1

We experimentally examine the effectiveness of antitrust policies against bidding rings in the English auction (EN) and the first-price sealed-bid auction (FP). We consider both traditional antitrust policy (without a leniency program) and modern antitrust policy (with a leniency program). In EN, neither antitrust policy has a significant effect on cartel deterrence, cartel stability, cartel recidivism, and winning bids. In FP, traditional antitrust policy deters cartel formation, destabilizes cartels, reduces the probability that a cartel re-establishes, and reduces the average winning bid. In contrast, while a leniency program has no additional effect on cartel formation or cartel recidivism, it makes cartels more stable and reduces the winning cartel bid.

Number of Pages in PDF File: 32

Keywords: Leniency Programs, Auctions, Cartels, Laboratory Experiments

JEL Classification: C92, D44, L41

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Date posted: October 10, 2009 ; Last revised: April 15, 2013

Suggested Citation

Hinloopen, Jeroen and Onderstal, Sander, Going Once, Going Twice, Reported! (April 5, 2013). Tinbergen Institute Discussion Paper No. 09-085/1. Available at SSRN: http://ssrn.com/abstract=1486043 or http://dx.doi.org/10.2139/ssrn.1486043

Contact Information

Jeroen Hinloopen (Contact Author)
Utrecht University School of Economics ( email )
Kriekenpitplein 21-22
Adam Smith Building
Utrecht, +31 30 253 7373 3584 EC
Tinbergen Institute ( email )
Burg. Oudlaan 50
Rotterdam, 3062 PA
Sander Onderstal
University of Amsterdam ( email )
Roetersstraat 11
Amsterdam, 1018 WB
Tinbergen Institute ( email )
Burg. Oudlaan 50
Rotterdam, 3062 PA
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