agent that defects from fines and from other agents' punishment; and (b) by increasing the riskiness of crime/collusion, in …

main finding is that in optimal collusion, interaction between intra-firm (internal) contracting and inter-firm collusion … may be exploited; inter-firm collusion may enhance the efficiency of internal contract, and conversely, internal … contracting may facilitate collusion …

This paper studies the effects of product market competition on vertical integration. In a duopoly setting, each … manufacturer to forfeit part of the profits. We show how competition affects the equilibrium allocation of property rights in the …

charges can facilitate collusion; a result that breaks down if we allow for non-linear and discriminatory pricing, however. We …

This paper develops a model in which a continuum of consumers choose from a continuum of locations indexed by school … quality. It computes equilibria that are sustained by an equilibrium price function that matches consumers to different …

feature of the network transaction is the dependence of buyers' purchasing behavior, which makes all consumers not equally … valuable to a seller. We characterize the optimal behavior of a seller and consumers in a network. A seller's strategy of … paying referral fees can be understood as a way of price discrimination between more valuable consumers and less valuable …