Jump to ContentJump to Main Navigation
Show Summary Details
More options …

The B.E. Journal of Theoretical Economics

Editor-in-Chief: Schipper, Burkhard

Ed. by Fong, Yuk-fai / Peeters, Ronald / Puzzello , Daniela / Rivas, Javier / Wenzelburger, Jan

2 Issues per year


IMPACT FACTOR 2017: 0.220
5-year IMPACT FACTOR: 0.328

CiteScore 2017: 0.28

SCImago Journal Rank (SJR) 2017: 0.181
Source Normalized Impact per Paper (SNIP) 2017: 0.459

Mathematical Citation Quotient (MCQ) 2017: 0.09

Online
ISSN
1935-1704
See all formats and pricing
More options …

Collusive Behavior of Bidders in English Auctions: A Cooperative Game Theoretic Analysis

Takayuki Oishi
Published Online: 2010-04-12 | DOI: https://doi.org/10.2202/1935-1704.1603

In practice, collusive bidders' rings in English auctions with a single object frequently distribute collusive gains among ring members via sequences of re-auctions called knockouts. The present paper introduces a model of sequences of knockouts under the situation in which each bidder has information on his evaluation and the order of the evaluations of all bidders for the object. The present paper examines the distributive function of sequences of knockouts from the viewpoint of cooperative game theory. Each sequence of knockouts yields an element of the core, two particular sequences yielding the Shapley value and the nucleolus respectively. The present paper highlights the sequence of knockouts yielding the nucleolus.

Keywords: bidding rings; knockout; core; Shapley value; nucleolus

About the article

Published Online: 2010-04-12


Citation Information: The B.E. Journal of Theoretical Economics, Volume 10, Issue 1, ISSN (Online) 1935-1704, DOI: https://doi.org/10.2202/1935-1704.1603.

Export Citation

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston.Get Permission

Comments (0)

Please log in or register to comment.
Log in