“Code bidding”, “jump bidding”, “self bumping” are some of the tricks that can corrupt auctions, as well as inside information, collusion.
Illustration for a Free Exchange article by Richard Davies.

made: 2014-07-09

link: www.economist.com/news/finance-and-economics/21606837-risks-cartels-and-collusion-pose-auctions-competition-hammered

keywords: auction collusion corruption insider dealings public funds value [HR] fraud cheat cartel crime criminal