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Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies
Agnosteva, Delina - 2020
We consider an international cartel whose members interact repeatedly in their own as well as in third …-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by … the cartel's incentive compatibility constraint (ICC), which links strategically markets that are seemingly unrelated …
Persistent link: https://www.econbiz.de/10012822505
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Forward trading and collusion in supply functions
Wölfing, Nikolas - 2019
This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On the contrary, collusion is destabilised when a...
Persistent link: https://www.econbiz.de/10011968922
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Gender and Collusion
Haucap, Justus; Heldman, Christina; Rau, Holger Andreas - 2022
Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals’ incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...
Persistent link: https://www.econbiz.de/10013296722
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Collusion Sustainability with a Capacity Constrained Firm
Madio, Leonardo; Pignataro, Aldo - 2023
incentive to deviate from a cartel. We also present conditions for the emergence of a partial cartel, with the capacity … small firm induces a partial conspiracy that is Pareto-dominant. Implications for cartel identification and enforcement are …
Persistent link: https://www.econbiz.de/10014264158
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Negative Intra-Group Externalities in Two-Sided Markets
Belleflamme, Paul; Toulemonde, Eric - 2021
Two types of agents interact on a pre-existing free platform. Agents value positively the presence of agents of the other type but may value negatively the presence of agents of their own type. We ask whether a new platform can find fees and subsidies so as to divert agents from the existing...
Persistent link: https://www.econbiz.de/10013317024
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The more the merrier? : on the optimality of market size restrictions
Negenborn, Colin von - 2019 - This draft: September 10, 2019
This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator seeks to maximize total welfare by choosing the number of firms allowed to enter the market, e.g. by issuing a certain number of licenses. Opening up the market for more firms...
Persistent link: https://www.econbiz.de/10012108481
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The Welfare Effects of Persuasion and Taxation : Theory and Evidence from the Field
Rodemeier, Matthias - 2020
How much information should governments reveal to consumers if consumption choices have uninternalized consequences to society? How does an alternative tax policy compare to information disclosure? We develop a price theoretic model of information design that allows empiricists to identify the...
Persistent link: https://www.econbiz.de/10012834876
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The Econometrics of Oil Market VAR Models
Kilian, Lutz - 2020
Oil market VAR models have become the standard tool for understanding the evolution of the real price of oil and its impact in the macro economy. As this literature has expanded at a rapid pace, it has become increasingly difficult for mainstream economists to understand the differences between...
Persistent link: https://www.econbiz.de/10012839764
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Environmental Policy with Green Consumerism
Ambec, Stefan - 2020
Is green consumerism beneficial to the environment and the economy? To shed light on this question, we study the political economy of environmental regulations in a model with neutral and green consumers where the latter derive some warm glow from buying a good of higher environmental quality...
Persistent link: https://www.econbiz.de/10012826061
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Efficiency in Wholesale Electricity Markets : On the Role of Externalities and Subsidies
Bialek, Sylwia; Unel, Burcin - 2021
This paper studies the effects of capacity market reforms that the U.S. grid operators have undertaken in response to state-level subsidies paid to emission-free electricity generation. We first derive an analytical model of energy-and-capacity markets that allows us to predict the price and...
Persistent link: https://www.econbiz.de/10013234520