This paper presents novel evidence of price discrimination, using prices of identical goods in 28 countries. I explain … variable mark-ups account for 80% of the positive price-income relationship across 123 countries. …

A parsimonious structural model of price and quantity dynamics is applied to Swedish exports and export prices for … change in the relative price. Prices are sticky in the sense that they do not reflect the most recent information about costs …

Price-fixing is characterized when firms are concerned about creating suspicions that a cartel has formed. Antitrust …. Dynamics are driven by two forces - the sensitivity of detection to price movements causes a cartel to gradually raise price … while the sensitivity of penalties to the price level induces the cartel to lower price over time in order to maintain the …

Standard methods in the U.S. for calculating antitrust damages in price-fixing cases is shown to create a strategic … incentive for firms to price above the non-collusive price after the cartel has dissolved. This results in an overestimate of … the but for price and an underestimate of the level of damages. The extent of this upward bias in the but for price is …

Price dynamics are characterized when a price-fixing cartel is concerned about creating suspicions of the presence of a … cartel A dynamical extension of static models yields the counterfactual prediction that the cartel initially raises price and … price For that specification the long-run cartel price is found to be decreasing in the damage multiple but is independent …

disregard the rightmost digits of the price. This bounded rational behaviour leads to a Bertrand equi- librium with positive … markups. We use data from an Austrian price com- parison site and find results highly compatible with Basu's theory. We can … show that price points - in particular prices ending in 9 - are preva- lent and have significant impact on consumer demand …

In the context of an infinitely repeated capacity-constrained price game, we endogenize the composition of a cartel …-inclusive, colluding firms set a price that serves as an umbrella with non-cartel members pricing below it and producing at capacity …