Showing 1 - 10 of 13
This paper analyzes enhanced cooperation agreements in corporate taxation in a three country tax competition model … an enhanced cooperation agreement. Conditions for strategic complementarity or strategic substitutability of tax rates … are crucial for the welfare effects of enhanced cooperation. Simulations show that enhanced cooperation is unlikely to be …
Persistent link: https://www.econbiz.de/10008513231
We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...
Persistent link: https://www.econbiz.de/10008531430
For a general class of oligopoly models with price competition, we analyze the impact of ex-ante leniency programs in antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics including its cartel culture. Our analysis disentangles...
Persistent link: https://www.econbiz.de/10005137188
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive equilibrium price as the...
Persistent link: https://www.econbiz.de/10008838625
played between the two actors, but much more whether there is cooperation (leading to first-best) or competition between …
Persistent link: https://www.econbiz.de/10005136964
encourage cooperation may actually hurt morale, by convincing opportunistic team members to imitate and later take advantage of …
Persistent link: https://www.econbiz.de/10005209501
. Cooperation in such games can be sustained as a Nash equilibrium. Besides the efficient cooperative equilibrium there is also the … inefficient non-cooperative equilibrium. This paper investigates experimentally whether cooperation actually occurs in a simple …
Persistent link: https://www.econbiz.de/10005144485
behavior. I show that for a large class of parameters cooperation will emerge if the population is large; if the population is … population, the less likely cooperation will be. <BR><BR> …
Persistent link: https://www.econbiz.de/10005144493
In this paper we argue that authorities aid cooperation by means of direct coordination or the enforcement of re …
Persistent link: https://www.econbiz.de/10005136860
in the final periods. We interpret subjects' behavior in terms of conditional cooperation which is characterized by both …
Persistent link: https://www.econbiz.de/10005136974