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-offer bargaining game. The selected equilibrium has several appealing features: First, it is efficient in the sense that it entails …
Persistent link: https://www.econbiz.de/10013208505
We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a short run increase in collusion. However, in a limited...
Persistent link: https://www.econbiz.de/10014201287
Predatory pricing doctrine is currently a dead area of the law. To proceed beyond summary judgment, a plaintiff must prove the predation created a “dangerous probability” of supracompetitive pricing as the mechanism for recouping the losses “invested” in the predation. This requires...
Persistent link: https://www.econbiz.de/10014179000
We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and negotiation model, we characterize the welfare impact of search frictions and quantify the role of search costs and brand loyalty for market power. Search frictions reduce...
Persistent link: https://www.econbiz.de/10011809443
We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and negotiation model, we characterize the welfare impact of search frictions and quantify the role of search costs and brand loyalty for market power. Search frictions reduce...
Persistent link: https://www.econbiz.de/10011939454
Multiemployer collective bargaining relationships between unions and employer associations easily devolve into … legalized cartels. Once unions establish themselves as the bargaining representative for employers’ employees, the employers … employer. It outlines how unions and (especially) associations work to thwart such an employer from bargaining directly with a …
Persistent link: https://www.econbiz.de/10014200477
from buying input from a new up-stream supplier. Incorporating Nash bargaining into the standard one …
Persistent link: https://www.econbiz.de/10011530227
bargaining over rents. Disentangling them is critical to the empirical identification of countervailing power. Testable …
Persistent link: https://www.econbiz.de/10010288319
two main features of pricing schemes in business-to-business relationships: nonlinear price schedules and bargaining over …
Persistent link: https://www.econbiz.de/10010288428
bargaining over rents. Disentangling them is critical to the empirical identification of countervailing power. Testable …. -- countervailing power ; bargaining ; nonlinear prices ; transaction panel data …
Persistent link: https://www.econbiz.de/10009354735