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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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Conspiracy Against the Public €“ an Experiment on Collusion
Johnsen, Åshild A. - 2019
theory, while sociological theories of social ties and intergroup comparisons suggest that bilateral cooperation can be …
Persistent link: https://www.econbiz.de/10012892045
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How Communication Makes the Difference between a Cartel and Tacit Collusion : A Machine Learning Approach
Andres, Maximilian; Bruttel, Lisa Verena; Friedrichsen, Jana - 2022
This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free … cartel formation and indirect attempts to collude tacitly. We document that firms are less likely to communicate explicitly … sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …
Persistent link: https://www.econbiz.de/10014243096
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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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Collusive Compensation Schemes Aided by Algorithms
Martin, Simon; Schmal, Wolfgang Benedikt - 2021
Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...
Persistent link: https://www.econbiz.de/10013310765
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Merger Policy and Tax Competition
Haufler, Andreas; Schulte, Christian - 2021
In many situations governments have sector-specific tax and regulation policies at their disposal to influence the market outcome after a national or an international merger has taken place. In this paper we study the implications for merger policy when countries non-cooperatively deploy...
Persistent link: https://www.econbiz.de/10013316665
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Mobile Tax Base as a Global Common
Konrad, Kai A. - 2021
If countries anticipate Bertrand competition in tax rates, they may expend effort that makes some of their tax payers less mobile or increases the mobility of tax payers elsewhere. I provide piecemeal evidence on what activities countries use. I analyse how such activities interact with Bertrand...
Persistent link: https://www.econbiz.de/10013316737
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Growth Gains from Trade
Marjit, Sugata - 2019
This paper revisits the relationship between international trade and economic growth. We measure trade openness indices separately with respect to intermediate inputs and final goods and find that it is the former which turns out to be significant in explaining growth gains from trade. Using...
Persistent link: https://www.econbiz.de/10012860295
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Trade Liberalization, Selection and Technology Adoption with Vertical Linkages
Navas, Antonio - 2019
This paper analyses the role played by vertical linkages on the effects of trade liberalization on technology adoption and their consequences on average productivity and welfare in a trade model with heterogeneous firms. We find that the strength of vertical linkages shapes the effects that...
Persistent link: https://www.econbiz.de/10012861384
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Political Stasis or Protectionist Rut? Policy Mechanisms for Trade Reform in a Democracy
Blanchard, Emily J. - 2012
This paper analyzes the dynamics of trade policy reform under democracy. In an overlapping generations model, heterogeneous agents may acquire skills when young, thereby determining the skill composition of their cohort. Current and anticipated trade policies influence education decisions, and...
Persistent link: https://www.econbiz.de/10012755373