Detecting Collusion in Timber Auctions

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4./5 ( download)

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Book Synopsis Detecting Collusion in Timber Auctions by :

Download or read book Detecting Collusion in Timber Auctions written by and published by World Bank Publications. This book was released on 2006 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Romania was one of the first transition countries in Europe to introduce auctions for allocating standing timber (stumpage) in public forests. In comparison with the former system in the country-administrative allocation at set prices-timber auctions offer several potential advantages: greater revenue generation for the government, a higher probability that tracts will be allocated to the firms that value them most highly, and stronger incentives for technological change within industry and efficiency gains in the public sector. Competition is the key to realizing these advantages. Unfortunately, collusion among bidders often limits competition in timber auctions, including in well-established market economies such as the United States. The result is that tracts sell below their fair market value, which undermines the advantages of auctions. This paper examines the Romanian auction system, with a focus on the use of econometric methods to detect collusion. It begins by describing the historical development of the system and the principal steps in the auction process. It then discusses the qualitative impacts of various economic and institutional factors, including collusion, on winning bids in different regions of the country. This discussion draws on information from a combination of sources, including unstructured interviews conducted with government officials and company representatives during 2003. Next, the paper summarizes key findings from the broader research literature on auctions, with an emphasis on empirical studies that have developed econometric methods for detecting collusion. It then presents an application of such methods to timber auction data from two forest directorates in Romania, Neamt and Suceava. This application confirms that data from Romanian timber auctions can be used to determine the likelihood of collusion, and it suggests that collusion reduced winning bids in Suceava in 2002 and perhaps also in Neamt. The paper concludes with a discussion of actions that the government can take to reduce the incidence of collusion and minimize its impact on auction outcomes.

Detecting Collusion in Timber Auctions

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Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Detecting Collusion in Timber Auctions by : Jean-Daniel M. Saphores

Download or read book Detecting Collusion in Timber Auctions written by Jean-Daniel M. Saphores and published by . This book was released on 2016 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Romania was one of the first transition countries in Europe to introduce auctions for allocating standing timber (stumpage) in public forests. In comparison with the former system in the country - administrative allocation at set prices - timber auctions offer several potential advantages: greater revenue generation for the government, a higher probability that tracts will be allocated to the firms that value them most highly, and stronger incentives for technological change within industry and efficiency gains in the public sector. Competition is the key to realizing these advantages. Unfortunately, collusion among bidders often limits competition in timber auctions, including in well-established market economies such as the United States. The result is that tracts sell below their fair market value, which undermines the advantages of auctions. This paper examines the Romanian auction system, with a focus on the use of econometric methods to detect collusion. It begins by describing the historical development of the system and the principal steps in the auction process. It then discusses the qualitative impacts of various economic and institutional factors, including collusion, on winning bids in different regions of the country. This discussion draws on information from a combination of sources, including unstructured interviews conducted with government officials and company representatives during 2003. Next, the paper summarizes key findings from the broader research literature on auctions, with an emphasis on empirical studies that have developed econometric methods for detecting collusion. It then presents an application of such methods to timber auction data from two forest directorates in Romania, Neamt and Suceava. This application confirms that data from Romanian timber auctions can be used to determine the likelihood of collusion, and it suggests that collusion reduced winning bids in Suceava in 2002 and perhaps also in Neamt. The paper concludes with a discussion of actions that the government can take to reduce the incidence of collusion and minimize its impact on auction outcomes.

Detecting Collusion in Timber Auctions

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Detecting Collusion in Timber Auctions by : Jean-Daniel Saphores

Download or read book Detecting Collusion in Timber Auctions written by Jean-Daniel Saphores and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Romania was one of the first transition countries in Europe to introduce auctions for allocating standing timber (stumpage) in public forests. In comparison with the former system in the country-administrative allocation at set prices-timber auctions offer several potential advantages: greater revenue generation for the government, a higher probability that tracts will be allocated to the firms that value them most highly, and stronger incentives for technological change within industry and efficiency gains in the public sector. Competition is the key to realizing these advantages. Unfortunately, collusion among bidders often limits competition in timber auctions, including in well-established market economies such as the United States. The result is that tracts sell below their fair market value, which undermines the advantages of auctions. This paper examines the Romanian auction system, with a focus on the use of econometric methods to detect collusion. It begins by describing the historical development of the system and the principal steps in the auction process. It then discusses the qualitative impacts of various economic and institutional factors, including collusion, on winning bids in different regions of the country. This discussion draws on information from a combination of sources, including unstructured interviews conducted with government officials and company representatives during 2003. Next, the paper summarizes key findings from the broader research literature on auctions, with an emphasis on empirical studies that have developed econometric methods for detecting collusion. It then presents an application of such methods to timber auction data from two forest directorates in Romania, Neamt and Suceava. This application confirms that data from Romanian timber auctions can be used to determine the likelihood of collusion, and it suggests that collusion reduced winning bids in Suceava in 2002 and perhaps also in Neamt. The paper concludes with a discussion of actions that the government can take to reduce the incidence of collusion and minimize its impact on auction outcomes.

Best Practices for Online Procurement Auctions

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Author :
Publisher : IGI Global
ISBN 13 : 1599046385
Total Pages : 402 pages
Book Rating : 4.5/5 (99 download)

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Book Synopsis Best Practices for Online Procurement Auctions by : Parente, Diane H.

Download or read book Best Practices for Online Procurement Auctions written by Parente, Diane H. and published by IGI Global. This book was released on 2007-12-31 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a systematic approach to the examination of online procurement auctions. Growth in online auctions reinforces the need for understanding the factors important in auctions and the caveats that both researchers and practitioners need to know in order to effectively study and use the auction tool.

Handbook of Industrial Organization

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Publisher : Elsevier
ISBN 13 : 0323988881
Total Pages : 784 pages
Book Rating : 4.3/5 (239 download)

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Book Synopsis Handbook of Industrial Organization by :

Download or read book Handbook of Industrial Organization written by and published by Elsevier. This book was released on 2021-12-09 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Industrial Organization Volume 4 highlights new advances in the field, with this new volume presenting interesting chapters. Each chapter is written by an international board of authors. Part of the renowned Handbooks in Economics series Chapters are contributed by some of the leading experts in their fields A source, reference and teaching supplement for industrial organizations or industrial economists

The Economics of Collusion

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Publisher : MIT Press
ISBN 13 : 0262300737
Total Pages : 315 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Economics of Collusion by : Robert C. Marshall

Download or read book The Economics of Collusion written by Robert C. Marshall and published by MIT Press. This book was released on 2012-04-27 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected. Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding rings function for years in a stable and peaceful manner despite the illegality of their agreements and incentives for deviation by their members. In The Economics of Collusion, Robert Marshall and Leslie Marx offer an examination of collusive behavior: what it is, why it is profitable, how it is implemented, and how it might be detected. Marshall and Marx, who have studied collusion extensively for two decades, begin with three narratives: the organization and implementation of a cartel, the organization and implementation of a bidding ring, and a parent company's efforts to detect collusion by its divisions. These accounts—fictitious, but rooted in the inner workings and details from actual cases—offer a novel and engaging way for the reader to understand the basics of collusive behavior. The narratives are followed by detailed economic analyses of cartels, bidding rings, and detection. The narratives offer an engaging entrée to the more rigorous economic discussion that follows. The book is accessible to any reader who understands basic economic reasoning. Mathematical material is flagged with asterisks.

Timber Sale Value as a Function of Sale Characteristics and Number of Bidders

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Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Timber Sale Value as a Function of Sale Characteristics and Number of Bidders by : Paul E. Sendak

Download or read book Timber Sale Value as a Function of Sale Characteristics and Number of Bidders written by Paul E. Sendak and published by . This book was released on 1991 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: S2Examines the effect of sale characteristics and number of bidders on sale value for timber sold by sealed-bid auction on the Green Mountain National Forest in Vermont. As anticipated from theory and previous empirical studies, increasing the number of bidders tended to increase the winning-bid value for the timber auctions studied. Tobit analysis was used because of the high number of timber sale offerings that received no bids. Efforts made to ensure that an offering received at least one qualified bid had a greater impact on sales revenue than efforts made to increase the high-bid value. In designing sales, managers should avoid setting appraisal value too high in relation to timber quality or should seek methods other than timber sales to regenerate poor quality stands.S3.

Natural Resource Extraction and Indigenous Livelihoods

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Publisher : Routledge
ISBN 13 : 1317089707
Total Pages : 269 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis Natural Resource Extraction and Indigenous Livelihoods by : Emma Gilberthorpe

Download or read book Natural Resource Extraction and Indigenous Livelihoods written by Emma Gilberthorpe and published by Routledge. This book was released on 2016-04-22 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an extended analysis of how resource extraction projects stimulate social, cultural and economic change in indigenous communities. Through a range of case studies, including open cast mining, artisanal mining, logging, deforestation, oil extraction and industrial fishing, the contributors explore the challenges highlighted in global debates on sustainability, Corporate Social Responsibility (CSR), and climate change. The case studies are used to assess whether and how development processes might compete and conflict with the market objectives of multinational corporations and the organizational and moral principles of indigenous communities. Emphasizing the perspectives of directly-affected parties, the authors identify common patterns in the way in which extraction projects are conceptualized, implemented and perceived. The book provides a deeper understanding of the dynamics of the human environments where resource extraction takes place and its consequent impacts on local livelihoods. Its in-depth case studies underscore the need for increased social accountability in the planning and development of natural resource extraction projects.

Incomplete Kartels and Empty Trust Policy. Incidents and detection

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Publisher : Rozenberg Publishers
ISBN 13 : 9036101468
Total Pages : 208 pages
Book Rating : 4.0/5 (361 download)

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Book Synopsis Incomplete Kartels and Empty Trust Policy. Incidents and detection by :

Download or read book Incomplete Kartels and Empty Trust Policy. Incidents and detection written by and published by Rozenberg Publishers. This book was released on 2009 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Advances in Economics and Econometrics: Volume 2

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Publisher : Cambridge University Press
ISBN 13 : 0521871530
Total Pages : 413 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis Advances in Economics and Econometrics: Volume 2 by : Econometric Society. World Congress

Download or read book Advances in Economics and Econometrics: Volume 2 written by Econometric Society. World Congress and published by Cambridge University Press. This book was released on 2006-11-13 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description

Handbook of Econometrics

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Publisher : Elsevier
ISBN 13 : 0444887660
Total Pages : 1013 pages
Book Rating : 4.4/5 (448 download)

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Book Synopsis Handbook of Econometrics by : Zvi Griliches

Download or read book Handbook of Econometrics written by Zvi Griliches and published by Elsevier. This book was released on 1983 with total page 1013 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook is a definitive reference source and teaching aid for econometricians. It examines models, estimation theory, data analysis and field applications in econometrics.

Handbook of Econometrics

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Publisher : Elsevier
ISBN 13 : 0444506314
Total Pages : 1013 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Econometrics by : James Joseph Heckman

Download or read book Handbook of Econometrics written by James Joseph Heckman and published by Elsevier. This book was released on 2007 with total page 1013 pages. Available in PDF, EPUB and Kindle. Book excerpt: As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice ...

Disrupted Landscapes

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Publisher : Berghahn Books
ISBN 13 : 1785331213
Total Pages : 252 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Disrupted Landscapes by : Stefan Dorondel

Download or read book Disrupted Landscapes written by Stefan Dorondel and published by Berghahn Books. This book was released on 2016-03-01 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fall of the Soviet Union was a transformative event for the national political economies of Eastern Europe, leading not only to new regimes of ownership and development but to dramatic changes in the natural world itself. This painstakingly researched volume focuses on the emblematic case of postsocialist Romania, in which the transition from collectivization to privatization profoundly reshaped the nation’s forests, farmlands, and rivers. From bureaucrats abetting illegal deforestation to peasants opposing government agricultural policies, it reveals the social and political mechanisms by which neoliberalism was introduced into the Romanian landscape.

Econometric Analysis of Stochastic Dominance

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Publisher : Cambridge University Press
ISBN 13 : 1108690475
Total Pages : 279 pages
Book Rating : 4.1/5 (86 download)

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Book Synopsis Econometric Analysis of Stochastic Dominance by : Yoon-Jae Whang

Download or read book Econometric Analysis of Stochastic Dominance written by Yoon-Jae Whang and published by Cambridge University Press. This book was released on 2019-01-31 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an up-to-date, comprehensive coverage of stochastic dominance and its related concepts in a unified framework. A method for ordering probability distributions, stochastic dominance has grown in importance recently as a way to measure comparisons in welfare economics, inequality studies, health economics, insurance wages, and trade patterns. Whang pays particular attention to inferential methods and applications, citing and summarizing various empirical studies in order to relate the econometric methods with real applications and using computer codes to enable the practical implementation of these methods. Intuitive explanations throughout the book ensure that readers understand the basic technical tools of stochastic dominance.

Predicting the Sequence of Winning Bidders in U.S. Forest Service Timber Auctions when Auction Volume Varies

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Publisher :
ISBN 13 :
Total Pages : 470 pages
Book Rating : 4.:/5 (33 download)

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Book Synopsis Predicting the Sequence of Winning Bidders in U.S. Forest Service Timber Auctions when Auction Volume Varies by : Lynn Ione DeLain

Download or read book Predicting the Sequence of Winning Bidders in U.S. Forest Service Timber Auctions when Auction Volume Varies written by Lynn Ione DeLain and published by . This book was released on 1991 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Econometrics

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Publisher : American Bar Association
ISBN 13 : 9781590315170
Total Pages : 524 pages
Book Rating : 4.3/5 (151 download)

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Book Synopsis Econometrics by : American Bar Association. Section of Antitrust Law

Download or read book Econometrics written by American Bar Association. Section of Antitrust Law and published by American Bar Association. This book was released on 2005 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The economic expert has become a central figure in virtually every antitrust litigation or merger matter, and the importance of econometrics has increased significantly. A basic understanding of econometric principles has now become almost essential to the serious antitrust practitioner. This volume is designed to introduce lawyers to the theoretical and practical issues of econometrics, providing necessary tools for working effectively with economic experts on both sides of a matter." -- from the Foreword, p. xv.

Auctions and Auctioneering

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Publisher : Univ of California Press
ISBN 13 : 0520322258
Total Pages : 346 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Auctions and Auctioneering by : Ralph Cassady Jr.

Download or read book Auctions and Auctioneering written by Ralph Cassady Jr. and published by Univ of California Press. This book was released on 2023-04-28 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1967.