competition known as the Cournot oligopoly model. Firms and their production are differentiated, which brings the theoretical … operators in Slovakia was selected as a real market case with accessible data on an oligopoly with three companies and partial …

In this paper, we use a partition function form game to analyze cartel formation among firms in Cournot competition. We … level of the cost advantage is "moderate", then the firm with the cost advantage leads the cartel formation among the firms …. Moreover, if the cost advantage is relatively high, then the formed cartel can also be stable in the sense of the core of a …

oligopoly as a linear public good. -- Cartel ; Oligopoly ; Bertrand ; Cournot ; Public Good ; Externality ; Experiment …Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain …, theory even predicts that strategic interaction forces firms to set the market clearing price. For society, this would be …

considerations, and minimum fines. Bankruptcy considerations limit maximum fines, ensure abnormal cartel profits and impose a … challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly … lower price by making it more attractive than collusion on higher prices. For a range of low cartel prices, the fine is set …

In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather … of a penalty based on the cartel overcharge with three other penalty regimes: fixed penalties; penalties based on revenue … conjunction with the above result, our analysis of cartel stability (and thus deterrence), shows that penalties based on the …