Showing 1 - 6 of 6
We develop a method to screen for local cartels. We first test whether there is statistical evidence of clustering of outlets that score high on some characteristic that is consistent with collusive behavior. If so, we determine in a second step the most suspicious regions where further...
Persistent link: https://www.econbiz.de/10011255447
This article analyzes the role of suggested prices in the Dutch retail market for gasoline. Suggested prices are announced by large oil companies with the suggestion that retailers follow them. There are at least two competing rationales for the existence of suggested prices: they may either...
Persistent link: https://www.econbiz.de/10011255548
first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while … overt collusion, stable cartels buy at a lower price in EN than in FPSB resulting in a lower average winning bid in EN. …
Persistent link: https://www.econbiz.de/10011255908
This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting … where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product …
Persistent link: https://www.econbiz.de/10011256042
corresponding increased potential for product market collusion. We consider all trajectories that are candidates for an optimal … collusion could thus yield higher total surplus. …
Persistent link: https://www.econbiz.de/10011256291
Under relative performance pay, other-regarding workers internalize the negative externality they impose on other workers. In one form -increased own effort reduces others' payoffs- this results in other-regarding individuals depressing efforts. In another form punishment reduces the payoff of...
Persistent link: https://www.econbiz.de/10011257464