This paper revisits a particular case involving two dairy processing companies accused of rigging bids in northern Kentucky school districts during the 1980s. Evidence and arguments presented to support a conclusion of overt collusion are reassessed. Analyses of incumbency rates, market shares, bid levels, bid dispersions, bid distance relationships, exact bidding differentials, and 'bids from hell' indicate that the two dairies may have been engaged in tacit collusion instead of overt collusion.
|Number of pages||17|
|Journal||Review of Industrial Organization|
|State||Published - 2000|
Copyright 2004 Elsevier Science B.V., Amsterdam. All rights reserved.
- Bid rigging
- Dairy industry
- Price fixing
- Sealed-bid auctions
ASJC Scopus subject areas
- Economics and Econometrics
- Strategy and Management
- Organizational Behavior and Human Resource Management
- Management of Technology and Innovation