With which choice are you more likely to avoid Bid-rigging cartels?
A)Holding oral auctions
B)Holding Vickery auctions
C)Holding sealed-bid auctions
D)Both B&C

Question

​With which choice are you more likely to avoid Bid-rigging cartels?
A)​Holding oral auctions
B)Holding Vickery auctions
C)Holding sealed-bid auctions
D)​Both B&C

Quizplus · Accepted Answer

Vickrey auctions (second-price sealed-bid auctions) and sealed-bid auctions in general make it harder for participants to collude and set prices, as bids are private, reducing the opportunity for bid-rigging cartels to form or operate effectively.

​With Which Choice Are You More Likely to Avoid Bid-Rigging

With Which Choice Are You More Likely to Avoid Bid-Rigging