Abstract
This note follows an earlier paper [Chew and Mao (1983)] which investigated the Nash equilibrium strategies in a repeated bidding institution called the rotating credit association. We study a parallel application of the rotating credit structure for tacit collusion among several sellers with a single agent buying an indivisible commodity from them at regular intervals via sealed-bid auctions.
Original language | English (US) |
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Pages (from-to) | 1-6 |
Number of pages | 6 |
Journal | Economics Letters |
Volume | 16 |
Issue number | 1-2 |
DOIs | |
State | Published - 1984 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics