?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F50728%2F&rft.title=Collusion+in+Bidding+Markets%3A+The+Case+of+the+French+Public+Transport+Industry&rft.creator=Gagnepain%2C+Philippe&rft.creator=Martimort%2C+David&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=We+explore+empirically+the+impact+of+the+market+sharing+collusive+practices+that+were+implemented+in+the+French+public+transportation+industry+between+1994+and+1999.+We+build+a+structural+model+of+bidding+markets+where+innovating+firms+compete+for+the+market+and+have+the+ability+to+spread+the+benefits+of+their+innovation+through+all+markets+on+which+they+are+active.+Each+local+competitive+environment+shapes+the+distribution+of+the+prices+(the+bids)+paid+by+public+authorities+to+transport+operators.+We+recover+empirically+the+distribution+of+prices+and+innovation+shocks+and+we+show+that+collusive+practices+had+overall+a+limited+impact+on+prices.+Firms+were+in+reality+more+interested+in+avoiding+significant+financial+risks+inherent+to+the+activity%2C+as+well+as+the+high+cost+of+preparing+a+tender+proposal.+As+a+by-product%2C+we+perform+a+counterfactual+analysis+that+allows+us+to+simulate+how+an+increase+in+firms%E2%80%99+innovation+reduces+prices+significantly.&rft.publisher=TSE+Working+Paper&rft.date=2025-03-31&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F50728%2F1%2Fwp_tse_1631.pdf&rft.identifier=++Gagnepain%2C+PhilippeIdRef+%3Chttps%3A%2F%2Fwww.idref.fr%2F158132904%3E+and+Martimort%2C+DavidIdRef+%3Chttps%3A%2F%2Fwww.idref.fr%2F070009635%3E++(2025)+Collusion+in+Bidding+Markets%3A+The+Case+of+the+French+Public+Transport+Industry.++TSE+Working+Paper%2C+n.+25-1631%2C+Toulouse+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F130478&rft.language=en