Examlex
What do wastewater treatment plants have in common with wetland filtration (purification) ?
Bid-rigging
A form of fraud where competing parties conspire to determine the winner of a bidding process.
Cartels
An agreement among competing firms to control prices or exclude entry of a new competitor in a market.
Winning Bidders
The individuals or entities that offer the highest bid in an auction and are subsequently awarded the item or contract.
Winner's Curse
A situation in which the winner of an auction ultimately overpays or incurs a loss because of overly optimistic valuation of the asset bid on.
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