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The enforcement of contracts is necessary for efficient exchange in economic activities. The predominance in agriculture of informal contracts leads in many countries to the implementation of specific legal rules for contract law. This article emphasises the complementarities between public and...
Persistent link: https://www.econbiz.de/10010751014
organized in a "well-coordinated" cartel. After discussing the way the cartel reacts to any auction mechanism, we show that if … the cartel pay to get an efficient allocation or randomly allocating the item. We then discuss the way to implement this …
Persistent link: https://www.econbiz.de/10010899614
regarding monopoly and cartel policy. Undertakings have to manoeuvre through a complex universe. Not only must they master the … competition and add up to the aforementioned. Monopoly and cartel policy presents itself as an important limitation to the freedom … harmful to competition insomuch as cartel and monopolies or taking advantage of a dominant position are means generally …
Persistent link: https://www.econbiz.de/10010592989
Les enseignements de Murray Rothbard relatifs au monopole et à la concurrence ont l'immense avantage d'en présenter une conception réaliste, au contraire des manuels conventionnels mettant leurs lecteurs sur la piste d'une fausse dichotomie entre concurrence pure et parfaite et concurrence...
Persistent link: https://www.econbiz.de/10010820686
Le secteur de la distribution automobile en Europe présente une particularité au regard des règles générales de la concurrence : il fait l'objet d'un règlement d'exemption par catégorie. Celui ci autorise la permanence de relations verticales fortes entre les constructeurs et leurs...
Persistent link: https://www.econbiz.de/10008792730
The enforcement of contracts is necessary for efficient exchange in economic activities. The predominance in agriculture of informal contracts leads in many countries to the implementation of specific legal rules for contract law. This article emphasises the complementarities between public and...
Persistent link: https://www.econbiz.de/10008795633
The recursive formula for the value of the zero-sum repeated games with incomplete information on both sides is known for a long time. As it is explained in the paper, the usual proof of this formula is in a sense non constructive : it just claims that the players are unable to guarantee a...
Persistent link: https://www.econbiz.de/10010750446
We study the consequences of dropping the perfect competition assumption in a standard infinite horizon model with infinitely-lived traders and real collateralized assets, together with one additional ingredient : information among players is asymmetric and monitoring is incomplete. The key...
Persistent link: https://www.econbiz.de/10010635262
We consider situations in which individuals would like to choose an action which is close to that of others, as well as close to a state of nature, with the ideal proximity to the state varying across agents. Before this coordination game is played, a cheap-talk communication stage is offered to...
Persistent link: https://www.econbiz.de/10010738542
Automated negotiation process seems to be a powerful mechanism to resolve disputes arising from Internet-based transactions. Automated negotiation is an online blind-bidding process in which an automated algorithm evaluates bids from the parties and settles the case if the offers are within a...
Persistent link: https://www.econbiz.de/10008791155