오는 5월 21일(목) 16시 30분에 예정된 세미나 및 앞으로의 목요세미나 일정을 안내드리고자 합니다.

- 일시: 2026년 5월 21일(목) 16:30-17:45

- 장소: 다산경제관 32211호

- 발표자: 도지환 교수님

Title: Price Randomization and Favor Exchange in Imperfect Cartels

Abstracts: We analyze the sustainability of collusion in infinitely repeated symmetric first-price procurement auctions with complete information. We show that combining on-path price randomization and continuation payoff rewards for losers enable collusion in this canonical model for a wider range of discount factors than previously recognized. Our theory can explain imperfect collusive bid rotation schemes as well as observed cartel behavior in which seemingly deliberate deviations from collusive pricing happen and are followed by internal reallocations of future business rather than cartel breakdown