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Feedback and Contagion through Distressed Competition

Chen, Hui; Dou, Winston Wei; Guo, Hongye; Ji, Yan - National Bureau of Economic Research - 2023

Firms tend to compete more aggressively in financial distress; the intensified competition in turn reduces profit margins, pushing themselves further into distress and adversely affecting other firms. To study such feedback and contagion effects, we incorporate strategic competition into a...

Persistent link: https://www.econbiz.de/10013537735

Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety

Fan, Ying; Yang, Chenyu - National Bureau of Economic Research - 2022

This paper presents a new method for estimating discrete games based on bounds of conditional choice probabilities. The method does not require solving the game and is scalable to models with many firms and many discrete decisions. We apply the method to study merger effects on firm entry and...

Persistent link: https://www.econbiz.de/10013334365

Bargaining and Dynamic Competition

Deng, Shanglyu; Jia, Dun; Leccese, Mario; Sweeting, Andrew - National Bureau of Economic Research - 2024

Industries with significant scale economies or learning-by-doing may come to be dominated by a single firm. Economists have studied how likely this is to happen, and whether it is efficient, using models where buyers are price or quantity takers, even though these industries are often also...

Persistent link: https://www.econbiz.de/10014528398

Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity

Rotemberg, Julio J. - 1989

We construct a dynamic general equilibrium model in which the typical industry colludes by threatening to punish deviations from an implicitly agreed upon pricing path. We argue that models of this type explain better than do competitive models the way in which the economy responds to aggregate...

Persistent link: https://www.econbiz.de/10012475831

Collusion at the Extensive Margin

Byford, Martin C. - 2014

from, individual markets. We show that this gives rise to a new mechanism by which a cartel can sustain a collusive …

Persistent link: https://www.econbiz.de/10012458501

Entry and Predation : British Shipping Cartels 1879-1929

Morton, Fiona Scott - 1996

century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines …. The cartel makes the decision whether or not to begin a price war against the entrant; some entrants are formally admitted … to the cartel without any conflict. I use characteristics of the entrant to predict whether or not the entrant will …

Persistent link: https://www.econbiz.de/10012473179

Vertical Restraints in the Bromine Cartel : The Role of Distributors in Facilitating Collusion

Levenstein, Margaret - 1993

From 1885 to 1902 manufacturers and distributors in the American bromine industry cooperated to increase prices and profits. Like many sectors of the American economy at the time, the bromine industry was made up a large number of small manufacturers and a small number of national distributors....

Persistent link: https://www.econbiz.de/10012474560

Strategic Use of Antidumping Law to Enforce Tacit International Collusion

Staiger, Robert W. - 1989

We consider the impact of domestic antidumping law in a two-country partial equilibrium model where domestic and foreign firms tacitly collude in the domestic market. Firms engage in an infinitely repeated game, with each period composed of a two-stage game. In the first stage each firm chooses...

Persistent link: https://www.econbiz.de/10012476032

Collusion, Mergers, and Related Antitrust Issues

Asker, John; Nocke, Volker - National Bureau of Economic Research - 2021

This survey examines recent developments in economic research relating to antitrust, paying specific attention to research in the areas of collusion and merger enforcement. Research relating to both collusion and mergers has made significant advances in the last twenty years. With respect to...

Persistent link: https://www.econbiz.de/10012616623

The Scope for Collusive Behavior Among Debtor Countries

Fernández, Raquel - 1989

We study the question of whether there exist strategies whereby countries are able to sustain a cartel or collusive … scale in bargaining--if commitment were possible the countries would benefit from joint bargaining--a debtors' cartel will …

Persistent link: https://www.econbiz.de/10012476068