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We investigate the role of manipulation in a model of opinion formation. Agents repeatedly communicate with their …. We show that manipulation can modify the trust structure and lead to a connected society. Manipulation fosters opinion …
Persistent link: https://www.econbiz.de/10010781888
agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …
Persistent link: https://www.econbiz.de/10005385360
dimension of the fringe such that collusion is a Nash equilibrium of the static game. …
Persistent link: https://www.econbiz.de/10005423128
This paper presents a model of collusive bargaining networks. Given a status quo network, game is played in two stages: in the first stage, pairs of sellers form the network by signing two-sided contracts that allow sellers to use connections of other sellers; in the second stage, sellers and...
Persistent link: https://www.econbiz.de/10010781881
In a common value auction in which the information partitions of the bidders are connected, all rings are core-stable. More precisely, the ex ante expected utilities of rings, at the (noncooperative) sophisticated equilibrium proposed by Einy, Haimanko, Orzach and Sela (Journal of Mathematical...
Persistent link: https://www.econbiz.de/10008674341
affected by tacit collusion or price manipulation when the corresponding polluting product market is oligopolistic. We analyze … increasing with the amount of permits allocated to the leader. Moreover, the changes for price manipulation increase with those …
Persistent link: https://www.econbiz.de/10011162046