Law and Economics Approaches to Bid Rigging
- New Horizons in Competition Law and Economics series
Chapter 8: Application of auction theory in China
The previous section has shown that law and economics theory suggests that Chinese legislation is not well designed to prevent bid rigging conspiracies. This chapter analyses how far the public procurement legislation in China follows auction theoretic insights in order to determine if there are ways in which auction theory could help to prevent cartel formation and cartel stability. Both issues are discussed in turn.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.