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Public procurement in collusive institutional settings
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.