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Publicación: Competition in Bidding Markets

L a OCDE ha publicado recientemente un Documento de Trabajo titulado Competition in Bidding Markets . Para leer el abstract del mismo... Competition authorities become interested in auctions by a number of routes. In competition advocacy, they may advise other parts of government on how to design auctions in order to improve their efficiency—the degree of competition. They may evaluate mergers and agreements between firms that operate in auction markets. And they may be concerned with collusion and abuse of a dominant position in auctions. Because their formal rules reduce “noise” and make communication among rivals easier, auctions can promote collusion, compared with ordinary “posted-price” markets. But an auction can be designed to reduce collusion or concerted practices or to promote participation. Thus, the design of an auction can be the object of lobbying pressure. Auctioneers can also behave strategically, choosing auction formats or practices that favour competition. Two funda...

La secta de los Antitrustianos.

E n un filosísimo post publicado en el Mises Economic Blog , S.M. Oliva previene al mundo entero de los últimos avances de una secta de extremistas llamados Antitrustians, recomendándonos no despegar los ojos de los alarmantes movimientos que se vienen haciendo dentro de su gran bastión: la Federal Trade Commission. Lea: Revenge of the Antitrustians.

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