Boshoff, Willem H.; Paha, Johannes - In: Journal of Industry, Competition and Trade 21 (2021) 3, pp. 393-409
Firms sometimes collude by agreeing on increases in list prices. Yet, the efficacy of such list price collusion is … customers discounts. This article reviews cases of list price collusion in the USA and Europe, and it presents a theory of harm … suggesting that a combination of anchoring, orientation on reference points, and loss aversion may render list price collusion …