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Public procurement in collusive institutional settings
Online 19 June 2020 – 19 June 2020
Paola Valbonesi (Univ. of Padova); Riccardo Camboni (Univ. of Padova); Elena Podkolzina (HSE - Moscow); Koen Shoors (Univ. of Gent); Sumeyra Atmaca (Univ. of Gent)
D3 — Firms and politicians' strategies in public procurement imperfect markets: new evidence from Russia
Chair: 1
Abstract
We investigate a theoretical model that studies under which conditions reserve price underpricing represents a collusive equilibrium between pairs of buyer-supplier. We then provide empirical evidence of the adoption of this collusive strategy on the Russian public procurement for gasoline.