Jin Li

Dr. Jin Li has expertise in the fields of tacit collusion, auction design, and competition policy. As a former professor at the Kellogg School of Management at Northwestern University, he has made significant contributions to understanding the dynamics of collusion among bidders in auction settings. His innovative research includes the development of a "collusion incubator" experiment, which provides insights into how bidders can naturally engage in collusive strategies to secure items at lower prices without any explicit agreements. Through his experiments, Dr. Li demonstrated that tacit collusion can emerge organically, posing challenges for auctioneers and policymakers. His findings revealed that once such collusion is established, it becomes resilient and difficult to disrupt, even when unexpected competitive entries are introduced. This aspect of his research underscores the critical role of institutional design in mitigating collusion risks. Dr. Li's work has profound implications for auction design and competition policy, offering valuable guidance for creating environments that discourage collusive behavior. His research not only enhances the theoretical understanding of collusion but also provides practical insights for policymakers and industry practitioners aiming to foster fair competition in auction markets. Throughout his academic career, Dr. Li has been dedicated to advancing the study of economic behaviors and their impact on market dynamics. His contributions continue to influence the way auctions are structured and regulated, ensuring that they operate efficiently and equitably.