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Maximal Cartel Pricing and Leniency Programs

Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Institute - 2008

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

Competitive Prices as Profit-Maximizing Cartel Prices

Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Institute - 2010

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

The Effects of Leniency on Maximal Cartel Pricing

Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Institute - 2009

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

The Economics of Altruistic Punishment and the Demise of Cooperation

Egas, Martijn; Riedl, Arno - Tinbergen Institute - 2005

Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems … mechanism to maintain cooperation among humans. In this paper we explore the boundary conditions for altruistic punishment to … maintain cooperation by systematically varying the cost and impact of punishment, using a subject pool which extends beyond the …

Persistent link: https://www.econbiz.de/10005137083

What Drives Donor Funding in Population Assistance Programs?

Dalen, Hendrik P. van; Reuser, Mieke - Tinbergen Institute - 2005

The 1994 International Conference of Population and Development (ICPD) established goals for the expansion of population assistance. This global effort has so far not sufficiently been supported by donor funds. Dynamic panel estimation methods are used to see what lies behind the sharing of...

Persistent link: https://www.econbiz.de/10005144408

Seeking Rents in the Shadow of Coase

Dari-Mattiacci, Guiseppe; Onderstal, Sander; Parisi, … - Tinbergen Institute - 2006

Trade opportunities are generally seen as valuable instruments to improve the allocation of resources in society. However, when the traded rights are secured through unproductive rent-seeking contests, the tradeability of the rents may provide stronger incentives to invest in rent-seeking...

Persistent link: https://www.econbiz.de/10005136949

Rent-seeking versus Productive Activities in a Multi-task Experiment

Oosterbeek, Hessel; Sloof, Randolph; Sonnemans, Joep - Tinbergen Institute - 2006

Incentive instruments like asset ownership and performance pay often have to strike a balance between the productive incentives and the rent-seeking incentives they provide. Standard theory predicts that a given instrument becomes less attractive when the effectiveness of rent-seeking activities...

Persistent link: https://www.econbiz.de/10005137154

The Role and Evolution of Central Authorities

Frijters, Paul; Tieman, Alexander F. - Tinbergen Institute - 1999

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

Conditional Cooperation and Voluntary Contributions to Public Goods

Keser, Claudia; Winden, Frans A.A.M. van - Tinbergen Institute - 2000

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

How Universal is Behavior?

Brandts, Jordi; Saijo, Tatsuyoshi; Schram, Arthur - Tinbergen Institute - 2002

This paper studies behavior in experiments with a linear voluntary contributions mechanism for public goods conducted in Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our 'contribution function' design allows us to obtain a view of...

Persistent link: https://www.econbiz.de/10005137040