Showing 1 - 10 of 411
The Paper addresses the issue of coordinated effects of mergers in the framework of a differentiated products model. Firms’ assets are product varieties that can be sold individually or entirely transferred to another firm in a merger. We show that under symmetric optimal punishment schemes...
Persistent link: https://www.econbiz.de/10005667006
firms to collude. We analyse the scope for collusion with and without resale price maintenance (RPM) when retailers observe … collusion and it reduces total welfare whenever firms choose to adopt it. …
Persistent link: https://www.econbiz.de/10005792032
collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … short run increase in collusion. However, in a limited message-space treatment where subjects cannot communicate contingent … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …
Persistent link: https://www.econbiz.de/10008558586
The impact of demand growth on the collusion possibilities is investigated in a Cournot supergame where market growth …' available. It is shown that even in situations where perfect collusion can be sustained after entry, coping with a potential …
Persistent link: https://www.econbiz.de/10005497875
highlight the deficiencies in the current formal theory of collusion. The Sugar Institute did not fix prices or output. Prices …
Persistent link: https://www.econbiz.de/10005504565
The most important issues in auction design are the traditional concerns of competition policy-preventing collusive, predatory, and entry deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems (we discuss radiospectrum and football TV-rights...
Persistent link: https://www.econbiz.de/10005114514
We develop and illustrate a methodology for obtaining robust comparative statics results for collusion models in … impact of parameter changes on the incentives to deviate from collusion and the punishment profits are often of different … new results in the comparative statics of collusion. …
Persistent link: https://www.econbiz.de/10005661968
We consider an empirical model of worldwide airlines’ alliances that we apply to a large set of companies for the period 1995-2000, with special attention to US and EU carriers. From the estimation of a cost, capacity and demand system that accounts for cross-price elasticities, we attempt to...
Persistent link: https://www.econbiz.de/10005666444
This Paper starts from a recent case studying how merger analysis in Europe may potentially be improved through simulation analysis. Starting from the product and geographic market definition in the Merger Decision, we formulate and estimate an oligopoly model with differentiated products. The...
Persistent link: https://www.econbiz.de/10005666636
We analyse how the presence of trade unions affects the pattern of mergers in an international oligopoly and the welfare implications thereof. We find that an international merger results in lower wages for all firms. A national merger results in higher wages, highest for the non-merging firms....
Persistent link: https://www.econbiz.de/10005667082